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Moneyweb reports that the SA Institute of Professional Accountants (Saipa) confirmed in a statement on Monday that its Chief Operations Officer (COO), Dr Gavin Isaacs, has been dismissed with immediate effect.
Isaacs, along with former chief executive Shahied Daniels, who was dismissed two weeks ago, had faced disciplinary hearings. The process started almost a year ago when the board was alerted to governance concerns and serious allegations against Daniels and Isaacs. Saipa chair Prem Govender advised that a forensic investigation firm found that there was prima facie evidence of numerous breaches of governance, of Saipa’s policies and procedures, and potentially serious misconduct.” Isaac’s defence against the four charges brought against him was that he was “following instructions from his line manager (Daniels)”. He was found guilty by Advocate Sesi Baloyi (SC), chair of the disciplinary committee, of having backdated Saipa’s human resources policies on workplace bullying and harassment unaided. Separately, Nosheena Mansoor, business innovation strategy executive, tendered her resignation after being charged with misconduct. She resigned a day before attending a disciplinary hearing. Saipa accepted her resignation. Attorneys for both Isaacs and Mansoor have furnished Saipa with “cease-and-desist” letters. The process of appointing a new chief executive and operations chief and “rebuilding the executive team” would begin soon, Govender indicated.
- Read the full original of the report in the above regard at Moneyweb
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