Priscillah Mabelane has resigned from the Standard Bank board just three weeks after a heated AGM where activists called for shareholders to vote against her reappointment.
Mabelane was one of five directors that activist nongovernmental organisation Just Share pinpointed as “climate conflicted” ahead of the Standard Bank Group AGM at the end of June, imploring shareholders not to vote for their reappointment to the board. Mabelane was one of three of the Standard Bank executives singled out by Just Share that had ties with Sasol, a producer of synthetic fuels and the second-biggest emitter of Greenhouse Gas in SA after Eskom.
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