Technology group EOH Holdings has reviewed its governance and risk procedures to reassure shareholders that it has robust and resilient compliance programmes in place. CEO Zunaid Mayet’s four months at the helm have been hit by media coverage about some of its government contracts. This resulted in a sharp drop in the share price. Mayet, who took over from EOH founder Asher Bohbot after he suddenly stepped down, said the review process, which took place every two years, was already in place but was accelerated following the reports. "One has to be aware what’s happening in our market. "There are heightened levels of risk associated with doing business in the public sector, so we have to respond to make doubly sure that as we engage, we provide the framework and comfort that in everything we do, there is an independent oversight," Mayet said. Independent analyst Chris Gilmour said that while reports had hit the company’s share price and reputation, he expected it to recover "in the n...
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