The news regarding the departure of African Bank CEO Basani Maluleke, primarily due to a personality clash with chair Thabo Dloti, highlights the complexities of the delicate but fundamentally important relationship between a company’s chair and CEO.

Heavily regulated entities such as banks and insurance companies (African Bank is both) dictate that boards take a firmer hand than most to ensure the highest level of oversight and governance, especially in the wake of Steinhoff, and African Bank itself...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now