Shareholders berate RCL over reluctance to answer questions at AGM
Chicken producer unwilling to discuss remuneration policy and the future of its executive
15 November 2020 - 18:17
RCL Foods, which owns Rainbow Chickens and Selati Sugar, left shareholders with a bitter taste in the mouth after the group appeared reticent over questions about its strategy, leadership and remuneration at its annual general meeting on Friday.
Non-executive chair and Remgro CEO, Jannie Durand, who conducted the virtual AGM, refused to answer a question posed by shareholder activist, Albie Cilliers, who asked if CEO Miles Dally was still the right person to lead the company that has been a disappointment for years...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.