#PICInquiry: Former exec decries lack of transparency, shareholder interference | IOL Business Report

  • 📰 IOL
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 51%

इंडिया समाचार समाचार

इंडिया ताज़ा खबर,इंडिया मुख्य बातें

PICInquiry: Former exec decries lack of transparency, shareholder interference

PRETORIA – The head of private equity and structured investment products at the Public Investment Corporation, Mervin Muller, decried the lack of transparency and retrospective interference by the shareholder in staff incentives.

“The lack of transparency created a perception, rightly or wrongly, that favouritism was rife in the application of these principles. In my department, it created massive gaps between peers and I was not in a position as the head of department to explain the reasons to them,” he said. “I raised a concern on how I cannot be involved in analysing my own staff prior to approval of these new grades, but confidentiality of the information was always used as an excuse,” he said.

 

आपकी टिप्पणी के लिए धन्यवाद। आपकी टिप्पणी समीक्षा के बाद प्रकाशित की जाएगी।
हमने इस समाचार को संक्षेप में प्रस्तुत किया है ताकि आप इसे तुरंत पढ़ सकें। यदि आप समाचार में रुचि रखते हैं, तो आप पूरा पाठ यहां पढ़ सकते हैं। और पढो:

 /  🏆 46. in İN

इंडिया ताज़ा खबर, इंडिया मुख्य बातें