Question

The retirement of Long4Life chief executive Brian Joffe, only to move to the chairpersons office, is the latest such transition in South Africas business sector that has raised concerns about the blurring of lines to the detriment of corporategovernance integrity. There are risks when this cooling-off period is not observed, especially when there is a strong chief executive who could have an influence on the board, according to advocate Annamarie van der Merwe, executive chair of the FluidRock Governance Group and, until recently, a longstanding member of the King Committee on Corporate Governance. Commenting on the move by Long4Lifes Joffe, she said: Is this the right decision with Brian? I do not know and that is the job of the board. They were comfortable, at the end of the day, with that decision.

From the above extract do you agree with the suitability of Mr Joffe as Chairman of the Board from a Good Governance and King 1V perspective? Present your argument and align your discussion to the Correct Principle/s of The King 1V Report. Include the recommended Practices.