• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

MTN Group Board Concludes Investigation into CEO Ralph Mupita, Finds No Misconduct

user avatar

by Giorgi Kostiuk

a year ago


  1. Investigation and Result
  2. Background to MTN's Leadership Crisis
  3. Letter from Ralph Mupita to Employees

  4. The board of directors of African telecommunications giant, MTN Group, has announced the conclusion of their investigation into CEO Ralph Mupita, finding no evidence of misconduct.

    Investigation and Result

    MTN Group's board has concluded its review of allegations against CEO Ralph Mupita, finding no evidence of improper conduct. The investigation began following claims of favoritism towards a female executive. After an independent law firm completed the review, the board expressed full support for Mupita and the company’s strategy.

    Background to MTN's Leadership Crisis

    At the start of the week, the Sunday Times reported that tensions at MTN Group's headquarters were rising due to allegations of favoritism and a lack of accountability by Mupita. Several executives threatened to resign in protest. It was reported that Mupita attempted to reassign functions under the purview of MTN South Africa's CEO to a female executive. The whistleblower's complaint also noted that a culture of fear existed within the company, leading to discussions at a board meeting earlier this year.

    Letter from Ralph Mupita to Employees

    Earlier this week, Ralph Mupita sent a letter to employees assuring them that MTN has governance processes in place to address employee matters, including those concerning senior leadership. He explained that the board is addressing these issues through the necessary processes.

    The board's conclusion should provide clarity on Ralph Mupita's leadership, resolve the leadership crisis, and restore investor confidence in the company.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Crypto Market Shows Mixed Trends Amidst Uncertainty

chest

The crypto market is experiencing mixed trends, with Cronos and PEPE facing challenges while BlockDAG sees significant interest.

user avatarMohamed Farouk

Trump's $51 Million Bond Investments Raise Conflict of Interest Concerns

chest

Trump's financial disclosure reveals at least $51 million in municipal and corporate bonds, raising conflict of interest concerns.

user avatarMaya Lundqvist

Chainlink Crypto Maintains Support Despite Resistance

chest

Chainlink crypto shows signs of selective accumulation during pullbacks, but faces resistance near 14. Overall outlook remains cautious with downside risk closer to 12.90.

user avatarLeo van der Veen

Hedera Network Upgrades Drive Stable Interest in HBAR

chest

Hedera's recent mainnet upgrades have kept HBAR trading steadily, reflecting ongoing interest from traders.

user avatarLi Weicheng

Cardano Partners with Grant Thornton for New Financial Audit

chest

Cardano Foundation has partnered with Grant Thornton to launch a comprehensive financial audit to enhance transparency and accountability in the finance sector.

user avatarAisha Farooq

Community Backlash and Regulatory Interest in AI Deepfakes

chest

The recent emergence of AI-generated deepfake videos featuring the cast of Stranger Things has led to significant community backlash, particularly due to the lack of an official response from Netflix. Fans have expressed their dissatisfaction, labeling the videos as creepy and disturbing. This situation has prompted discussions about the ethical implications of AI in content creation and has raised calls for regulatory action.

user avatarTenzin Dorje

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.