It looks set to be a no-show for Steinhoff at Wednesday’s review before four parliamentary committees as the company’s nonexecutive directors and management as well as both Markus Jooste and Ben la Grange have all said they will not be attending. Heather Sonn, chairwoman of the Steinhoff supervisory board, told the committee the board had limited rights and no clear mandate to represent Steinhoff ahead of a shareholder vote to confirm board members. That vote will be held at the annual general meeting in April. Sonn said before this vote and in the absence of any members of the group’s management board her authority to represent Steinhoff was uncertain. She said none of the corporate executives or members of the management board could attend because they were involved in strategic conferences. La Grange’s lawyer told the committee that La Grange had only been advised on March 23 that he had been requested to attend Wednesday’s review. As he had not had sufficient time to consult wit...
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