Question
Tongaat Hulett is seeking a thumping R450-million in civil claims against former executives after the accounting fraud revealed by the company in 2019, the company
Tongaat Hulett is seeking a thumping R450-million in civil claims against former executives after the accounting fraud revealed by the company in 2019, the company announced on Tuesday. This signals a growing claw-back trend against errant directors. The civil action is based on the findings of the PwC forensic investigation namely, unjustified enrichment, damages consequent upon the breach of their fiduciary duties and misrepresentation. Tongaat Hulett is also seeking an order declaring them
These crises induced multiple responses that have been considered which include the Walker and Turner reviews among many others. You are required to select a response most appropriate for this situation and discuss how it could have prevented tongaat hulett scandal. You are also required to discuss the two main lessons learnt and evaluate which one might have been more prevalent in this case.
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