Gordon Gekko wrote:@surealligator, that matter was raised at the AGM and Segman said he is the group CEO,dealing mainly in strategy.
Ohana is the MD for the Kenya operation, like each country has its own MD.
Ohana is the General Manager, not MD. For all practical purposes, Corporate Governance and Social Responsibility requires shareholders to kick out a character that thinks he is the only one who can run a company as Chairman of the board and at the same time be the CEO (MD). Conflict of interest arises as the board is supposed to hire and ensure management implements the board's strategy. Now, if you are the chairman of a board that is supposed to appoint an MD and you achieve in doing so, who would the MD be answerable to? Ati the chairman can hire and fire the MD while he is the MD himself. Nonsense. Conflict of interest is so much that it becomes a huge loss to shareholders. Enron was there, Palmarat etc and all were brought down by insider irregularities cultivated by the Chairman cum MD. Are we reinventing the wheel all over again.
Go overdrive in purchasing the goods when there's blood on the streets, expecially if the blood is your own