CSA extend president & director terms by another year 0
CSA president Chris Nenzani
Cricket South Africa’s affiliates on Saturday voted to extend the term of president Chris Nenzani, three independent directors and three non-independent directors by another year.
Last year the CSA Board was recomposed to include seven non-independent directors, including the president and vice-president, and five independent directors, and the terms of all directors were set at three years.
But at Saturday’s annual general meeting at OR Tambo International Airport, a special resolution was passed to stagger the tenure of the directors and avoid wholesale changes to the board every three years.
According to the resolutions, Nenzani, three independent directors and three non-independent directors will now stay in office until the conclusion of the 2016 AGM.
The explanatory notes issued with the resolution stated: “The challenge, however, is that each three-year term will present an election conundrum in that all the directors’ terms of appointment would expire and potentially a number of the directors might not be re-elected, meaning that the board could be challenged by the loss of valuable institutional knowledge and memory, thereby impacting the smooth running of the company.”
The AGM also approved resolutions postponing the expansion of the board (as agreed during the Nicholson Commission of Inquiry) to 16 directors (seven independent and nine non-independent) to “an appropriate time” and removing a clause in their Memorandum of Incorporation stating that CSA shall comply with the constitution of Sascoc [South African Sports Confederation and Olympic Committee) and any directives issued by them.
“It is submitted that we should not expressly document this in our MOI in the event that we may in future, for good reason, be forced to legally challenge a directive from any such organisation,” the explanatory notes stated.
http://www.sport24.co.za/Cricket/Proteas/CSA-extends-term-of-president-20140913