Global management consultancy Bain & Co did not have much choice other than to withdraw from Business Leadership SA . It has done the right thing, saving BLSA from having to expel it in the face of a relentless campaign by former partner Athol Williams.
In its statement this week, Bain said Williams had no first-hand knowledge of these events. It insisted that its work for the tax authority was a “mistake” for which it was deeply sorry. And it cited the findings of an “independent investigation” by a law firm it had appointed that concluded that it had intended no harm to Sars.
This is where a broader perspective is needed, especially in a week in which Deloitte has come under renewed fire for its role in auditing Tongaat Hulett.
They should have been kicked out long ago. What was BLSA waiting for all this time
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Bain&Co voluntarily quits Business Leadership SABain was previously suspended as a BLSA member in September 2018.
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