It's regrettable that Alexander Forbes chief executive Peter Moyo resigned because of "irreconcilable differences" with the board of directors.
Would Moyo still have been at the helm had the board appointed outgoing Association of Black Securities and Investment Professionals president Sello Moloko as executive chairman as opposed to former Mutual & Federal chief executive Bruce Campbell?
I think that Moyo and the board's differences emanated from Campbell's appointment, whose role was baby-sitting rather than adding value. It was expected that Campbell would replace Moyo to prove the deep-seated and prejudicial agenda of excluding black people in operational roles. It's surprising that no one has raised concerns about scrapping the executive chairmanship post after Campbell's appointment.
Perhaps Moloko, as nonexecutive chairman, is scoring political points after BMF president Jimmy Manyi's public outcry after Campbell's appointment.
Can we conclude that our leaders are timid and selective in questioning the credibility of some institutions? When the PSL appointed Kjetil Siem there was a lot of noise, including from MPs. Now they are mum.