New blood for Comair board after shareholder outcry

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The Kulula operator has replaced long-serving members after investors voiced concern over a lack of independence

Aviation group Comair has appointed new board members three monthsabout the lack of independence among some non-executive directorsSA’s only JSE-listed airline operator said the former director of the SA Civil Aviation Authority, Colin Jordaan, Bidvest CEO-designate Nompumelelo Madisa, chartered accountant and business consultant Farzanah Mall and an executive director of Orenda Advisory & Strategy, Tebogo Mekgoe, would join its board.

Comair’s board came under fire from shareholders at an annual general meeting in October over governance. At that meeting, Comair chair and Bidvest CEO Lindsay Ralphs reiterated other shareholders’ concerns about lack of independence on the Comair board. Van Hoven, who became a lead independent director after the AGM, resigned with immediate effect on January 9. At the AGM, Ralphs defended Van Hoven’s appointment. “My knowledge of the aviation industry is limited. It was felt that, for a period of one year, I should have the assistance of Van Hoven,” he said.


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