EDITORIAL: Sasol earns full marks — and a poor score
The culture of excessive deference is not a unique problem — it is seen in every underperforming company on the JSE
30 October 2019 - 05:10
Full marks to Sasol for taking what looks to be decisive action to address the corporate governance weaknesses that led to delays and steep cost-overruns at its Lake Charles Chemicals Project in the US.
But less-than-full marks for the synthetic fuels and chemicals group for providing shareholders with nothing more than “key learnings” from the independent review commissioned by the Sasol board and conducted by an unnamed consulting firm at the direction of the company’s legal counsel...
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