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The retirement of Long 4 Life chief executive Brian Joffe, only to move to the chairperson s office, is the latest such transition in South
The retirement of LongLife 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 coolingoff 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 LongLifes 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 V perspective? Present your argument and align your discussion to the Correct Principles of The King V Report.
Include the recommended Practices.
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