Old Mutual’s board struck a conciliatory tone on Wednesday, saying the nasty fight between the insurer and axed CEO Peter Moyo had dragged on for too long and it was perhaps time for the two parties to negotiate a settlement.

The boardroom brawl, which started in May when Old Mutual suspended Moyo and later fired him over an alleged conflict of interest, has weighed on the insurer’s share price and is threatening to tarnish its reputation after a court ruled that Moyo must be reinstated as his dismissal was unlawful.

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 Times Select.

Already subscribed? Simply sign in below.

Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now