Old Mutual: Defining Moments for Board Leadership
商品編號：W24878
出版日期：2021/11/05
再版日期：2021/11/05
商品來源：Ivey
商品主題：General Management/Strategy; Organizational Behaviour/Leadership
商品類型：Case (Pub Mat)
涵蓋議題：Corporate governance;Ethical leadership;Gray area decisions;Conflict of interest;Breakdown of trust;Board accountability to shareholders;Board succession planning
難易度：4 - Undergraduate/MBA
內容長度：21 頁
地域：South Africa
產業：Finance and Insurance;
事件年度：2020
When Peter Moyo was appointed as chief executive officer (CEO) of Old Mutual Emerging Markets (Old Mutual), one of South Africa’s largest and oldest financial institutions, in 2017, the chair of Old Mutual, Trevor Manuel, and the Old Mutual board were optimistic, as Moyo seemed like the ideal candidate. However, less than two years into his tenure, Moyo’s employment was terminated owing to a conflict of interest and a breakdown of trust between Moyo and the chair and board. From the moment he was suspended, Moyo made the dispute very public, and appeared to be orchestrating a media campaign against Old Mutual and the directors, especially Manuel. A protracted and bruising legal battle ensued, and many corporate governance lessons were learned. It was now incumbent on the board to identify and appoint a new CEO of Old Mutual. Given the local and international environment, and in view of internal and external challenges, they needed to consider what kind of CEO would be appropriate for Old Mutual; what criteria they should set for this crucial position; and what the right timing and communication process would be around the new CEO’s appointment.
教學手冊：W24879;
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