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BL Premium reports that Anglo American Platinum (Amplats) has broken its silence on the qualifications of former board member Thabi Leoka, who resigned in January following revelations that she did not have a PhD as she had claimed for the past 15 years.
The platinum producer in its annual report published on Monday admitted that it dropped the ball in confirming Leoka’s qualifications before appointing her to the board and the key committees of audit and risk, remuneration and governance. “A process of verification was done on her qualifications. The verification report confirmed that all qualifications, other than the PhD qualification, had been verified and confirmed. The verification of the PhD qualification was still ongoing at the time of the interview process. Regrettably, the completion of the verification process was not subsequently followed up,” the company indicated in its governance report. Amplats outlined an elaborate process it followed when appointing directors. It was reported in January that Leoka did not hold a PhD in economics from the London School of Economics as she claimed. She has since resigned from the board of MTN SA, while President Cyril Ramaphosa terminated her membership of the presidential economic advisory council. Lapses in due diligence in Leoka’s appointment are likely to come up when Amplats holds its AGM in May.
- Read the full original of the report in the above regard by Kabelo Khumalo at BusinessLive (subscriber access only)
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