• 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

Federal Reserve Leadership Transition and Market Rate Expectations

chest

The term of Federal Reserve Chair Jerome Powell is likely to conclude in May 2026, with expectations shifting towards Kevin Hassett as his successor. Market pricing currently reflects only modest changes, with potential rate cuts limited to 75 basis points under new leadership scenarios.

user avatarBayarjavkhlan Ganbaatar

MegaETH Mainnet Beta to Enhance Ethereum Scaling Options

chest

The upcoming launch of the MegaETH mainnet beta next week is set to contribute positively to Ethereum's scaling narrative.

user avatarMohamed Farouk

MegaETH Mainnet Beta Frontier Launch Set for Next Week

chest

The MegaETH mainnet beta is launching next week, offering developers a new platform to deploy scalable applications.

user avatarElias Mukuru

Bithumb Suspends Ethereum Transactions for Network Hard Fork

chest

Bithumb has announced a temporary suspension of deposits and withdrawals for Ethereum and related assets to facilitate a network hard fork.

user avatarDiego Alvarez

ZenLedger's Automation Enhances Sui Tax Reporting Efficiency

chest

ZenLedger's automation streamlines tax reporting for Sui users by fetching transfers, calculating gains and losses, and generating forms, reducing errors and saving time.

user avatarKenji Takahashi

Dogecoin Faces Pressure Below Key Moving Averages

chest

Dogecoin's price is under pressure as it trades below key moving averages and has lost a rising trendline.

user avatarMaria Fernandez

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.