ANN CROTTY: Sasol board still demand excess deference from shareholders
Where deference flourishes, hubris follows (with destruction close behind)
14 November 2019 - 04:00
The Sasol board’s decision on the proposed tabling of a resolution from shareholders, namely not to allow it, was rubbish.
I don’t make that statement lightly and I realise it might be more lacking in deference than the board would like. But I make it in the spirit of the recent "mea culpa" issued by the board on the rather embarrassing and extremely expensive snafu at Lake Charles in the US. The mea culpa was essentially an attack on excess deference within Sasol, though it provided no clarity on precisely how much deference was deemed to be "excess"...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.