BEE in the BonnetLack of support, scanty succession plans are undoing transformation, says Absip president The president of the Association of Black Securities and Investment Professionals (Absip), Sibongiseni Mbatha, says former Liberty CEO Thabo Dloti should have received more support from the board and majority shareholder Standard Bank. Dloti, who was Absip's CEO of the decade in 2013, resigned last week, three years after being appointed as Liberty's first black CEO. Mbatha, who spoke to him afterwards, says he jumped before he was pushed to preserve his integrity. Dloti told Business Times in March harsh words had been exchanged between him and parent company Standard Bank over the group's poor performance. Its earnings plunged 37% in 2016, costing its 54% owner R1.5-billion in headline earnings. "Clearly they'd like to see a better outcome," Dloti said.He said Standard Bank joint CEO Sim Tshabalala, a director of Liberty, would be introducing a 10-step turnaround strategy to ...

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