[miningmx.com] – Zola Tsotsi, chairman of Eskom, would lead the investigation into the power utility’s affairs which had last week required the suspension of its top executives, including CEO, Tshediso Matona, said BDLive.
The publication said Tsotsi would head a board sub-committee with full delegated powers to determine the terms of reference, the contracting of investigators, and to oversee its progress – a move that drew criticism.
Pan-African Capital Holdings CE Iraj Abedian told BDLive the appointment of Tsotsi as chairman was “the antithesis of good corporate governance” for the chairman to “now be the judge”.
“This is the same board chairman who has presided over a series of actions and inactions. If he wanted to allay fears, he should have put a totally independent panel in charge,” he said.
