Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

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

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Essentials Of Investments

Authors: Zvi Bodie, Alex Kane, Alan J. Marcus

12th Edition

1260772160, 978-1260772166

More Books

Students also viewed these Finance questions

Question

=+5. How would you rewrite the copy to make it more effective?

Answered: 1 week ago