African Bank saga highlights need for executive compatibility

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African Bank saga highlights need for executive compatibility 🔒

The news regarding the departure of African Bank CEO Basani Maluleke, primarily due to a personality clash with chair Thabo Dloti, highlights the complexities of the delicate but fundamentally important relationship between a company’s chair and CEO.

Heavily regulated entities such as banks and insurance companies dictate that boards take a firmer hand than most to ensure the highest level of oversight and governance, especially in the wake of Steinhoff, and African Bank itself...A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

 

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crimemind3 One of the most important functions of a CEO is to plan, especially succession planning.

It actually highlights the need for comitence at board level.....

God bless you!! You're indeed a God sent to planet Earth, I never believed in her until I got my 4rh payout Charloteamelia7

Sikhona ke 🌝

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