AWAITING REVIEW
Resilient’s board gives executives benefit of the doubt
Resilient’s board said on Monday it was supporting the company’s executive management regardless of allegations in recent reports about how they run assets and regardless of the recent sell-off in its shares. The board would wait for the independent review it announced on Friday and other investigations to be completed before considering any action against CEO Des de Beer, financial director Nick Hanekom and other top-line management. "As far as the board is concerned, there are no reasons at this point to doubt that the executive team has performed their duties competently, honestly and in the best interest of the company’s stakeholders. "Of course, we are taking all allegations seriously and look forward to the conclusion of the review process," chairwoman Thembi Chagonda said. She said the review would focus on share trading — as stated in Resilient’s announcement on Friday — but it would not be narrowly constrained. Shauket Fakie, former auditor-general of SA and former group ch...
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