EDITORIAL: Bain was right to quit Business Leadership SA

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The move saved it from being expelled due to the sustained efforts of its former partner Athol Williams

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.

 

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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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