Two days after assuring minority shareholders attending the Shoprite annual general meeting that they could rely on her to protect their interests, the group’s lead independent director, Shirley Zinn, has resigned from the board with immediate effect.

The unexpected move comes just days after minority shareholders indicated they had concerns with the reappointment of chair Christo Wiese. At Monday’s annual general meeting more than 61% of ordinary shareholders voted against giving him another term on the board.

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, Morningstar 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.