Old Mutual says its directors were not acting irresponsibly when they decided to terminate ousted CEO Peter Moyo’s employment contract for a second time, according to papers filed in the North Gauteng High Court on Tuesday.

In papers filed by Old Mutual’s head of legal, Craig Mcleod, the company describes how the relationship between the company and its erstwhile CEO was “completely destroyed” in the wake of the initial dismissal and the litigation Moyo launched to challenge it.  

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