Old Mutual accuses its former CEO Peter Moyo of a deliberate attempt to divert attention from his actions to Chairperson Trevor Manuel.
- Tom Moyane’s lawyer to represent Peter Moyo in battle with Old Mutual
The company says Moyo has made “false and unwarranted” allegations against Manuel.
Old Mutual suspended Moyo in May and fired him in June, naming conflict of interest with investment company NMT Capital – of which Moyo is a founding member - as the reason.
The suggestion by Mr Moyo… that the Old Mutual non-executive directors are under the sway of the board chair and were incapable of exercising independent judgement in reaching the conclusion that there has been a breakdown in trust and confidence in Mr Moyo is totally without foundation. This is deeply disrespectful to the women and men of high standing, business experience and integrity who make up the board of Old Mutual…— Old Mutual
Listen to the interview in the audio below (and scroll down for quotes from it).
It is an individual’s responsibility to declare conflicts of interest they may have. And it’s for the board to decide if it’s manageable…— Vikeshni Vandayar, Executive for Governance and Corporate Services - Institute of Directors in Southern Africa
You should be looking… if there’s conflict before making an appointment.— Vikeshni Vandayar, Executive for Governance and Corporate Services - Institute of Directors in Southern Africa
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