Steinhoff - independent governance strengthened
11 December 2017 7:25
Following the resignation of the former CEO, Markus Jooste, and subsequent events, the Supervisory Board of the company has taken a number of actions to date, including the following:
  • A board subcommittee, composed solely of independent non-executive directors and headed by Johan van Zyl has been constituted to bolster the independent governance of the group. The other members are Dr Steve Booysen and Ms Heather Sonn;
  • The audit committee is working with our statutory auditors, Deloitte to facilitate the release of our audited financial statements;
  • PWC has been appointed as forensic investigators and they have commenced their investigations; and

Trading in the underlying businesses across the globe continues uninterrupted particularly in the pre-Christmas period.

Steinhoff is a global group with 130 000 employees in its underlying operations comprising approximately 12 000 retail outlets in 30 countries with many successful underlying operations.
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