Throughout my nine years of tertiary education, and during the course of my subsequent work experience, I learned that the directors of a company had a fiduciary duty to act in the interests of their shareholders, while shareholders had every right to expect the directors of their companies to help manage the organisation to the best of their abilities. Am I wrong, therefore, to question the abuse directed at Truworths by an outfit called Active Shareholder on the grounds of the gender, age and skin pigmentation of its board of directors? Surely the shareholders demand, and are entitled to, the best people for the job. Surely the depth of experience applied by the Truworths directors offers shareholders the optimum input? Shareholders in Truworths should consider themselves blessed by directors who are intimately familiar with the company and are best able to impart to it superlative expertise. The Truworths issue is, regrettably, a microcosm of what is plaguing the economy. The cur...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now