Boardroom coup: engineering chaos at PSV Holdings
At the AGM of JSE-listed engineering firm PSV Holdings, ousted CEO rallies support to take back control
22 August 2019 - 05:00
Chances are you’ll have missed it. But perhaps the most dramatic AGM in recent corporate history took place last week at little-known engineering company PSV Holdings, near Joburg’s OR Tambo airport.
There, founder Abie da Silva, who was forced to resign as CEO in October, pulled off a coup: he rallied enough shareholders to take back control, and vote off every single director up for election...
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