The Moyo saga highlights the importance of a director’s duty to disclose any conflicts of interests. The Companies Act sets outrelating to the disclosure of a director’s personal financial interests in the company’s business.
Failure to comply could have serious consequences. For instance, it could render the entire transaction invalid. The position of a chief executive of a company requires a special relationship of trust and confidence. Old Mutual said that it has lost trust and confidence in Moyo because of his conflict of interest. Moyo in turn said that he lost trust and confidence in the chairman and the directors. He said publicly that he was taking action to have the entireBecause of the clear breakdown in trust and confidence, the court said that there was no realistic prospect of Moyo ever being reinstated.
And now he wants money for free
We have more than 100 grade 8 in our areas who hasn't been placed all parents applied on time online but our kids haven't been placed only yesterday we where told that our kids are going to be studying in a hall until new school is being implemented
The chairman is not the company. Nor is the ceo. Don't get it twisted.
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: SABC News Online - 🏆 32. / 51 Read more »