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NJONJO at CMC
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wilyum
#1 Posted : Tuesday, June 05, 2012 12:11:53 PM
Rank: Veteran

Joined: 12/21/2011
Posts: 1,010
"In a letter seen by the Nation, Mr Njonjo said his decision is informed by the fact that the company has now found its footing having got rid of ‘conflicted directors suspected of engaging in fraudulent dealings’.

“I am happy that the company is now in very able hands of directors of impeccable integrity and a diligent management team, which I am confident will be able to steer it to greater heights of success,” Mr Njonjo said in the letter."

Am i the only one seeing the irony or something wrong with this statement?

njonjo
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chiaroscuro
#2 Posted : Tuesday, June 05, 2012 3:29:59 PM
Rank: Veteran

Joined: 2/2/2012
Posts: 1,134
Location: Nairobi
@Wilyum; enlighten us. Where is the irony? What do you find wrong?
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QW25091985
#3 Posted : Tuesday, June 05, 2012 3:54:02 PM
Rank: User

Joined: 1/24/2012
Posts: 1,675
Location: In Da Hood
hahhahah. i also found the guys statements abit funnie . LOL .but give him a break he has ashes for brain ...ehehe.
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Fomoney
#4 Posted : Tuesday, June 05, 2012 3:57:51 PM
Rank: Member

Joined: 7/9/2006
Posts: 79
@Chia, aren't you aware of the shenanigans at CMC and the role of one Mr Njonjo? He was one of the signatories of a secret account apparently operated without the knowledge of other shareholders. Integrity at CMC and Njonjo don't belong in the same sentence.
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wilyum
#5 Posted : Tuesday, June 05, 2012 4:07:19 PM
Rank: Veteran

Joined: 12/21/2011
Posts: 1,010
@chiaroscuro

go thro this.

cmc
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VituVingiSana
#6 Posted : Tuesday, June 05, 2012 9:58:17 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,361
Location: Nairobi
njonjo, kiereini... the old guard is leaving the building!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Jamani
#7 Posted : Wednesday, June 06, 2012 7:06:37 AM
Rank: Elder

Joined: 9/12/2006
Posts: 1,554
It would be interesting if limit rules were set to 2 terms of say 4 years at director level without renewal and a maximum of 2 companies in different categories one can be a director at the same time.
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mnandii
#8 Posted : Wednesday, June 06, 2012 9:04:40 AM
Rank: Elder

Joined: 10/11/2006
Posts: 2,304
Jamani wrote:
It would be interesting if limit rules were set to 2 terms of say 4 years at director level without renewal and a maximum of 2 companies in different categories one can be a director at the same time.


TRUE. Running a company as if it was some personal club cannot help KENYA.
Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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VituVingiSana
#9 Posted : Wednesday, June 06, 2012 9:50:59 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,361
Location: Nairobi
Jamani wrote:
It would be interesting if limit rules were set to 2 terms of say 4 years at director level without renewal and a maximum of 2 companies in different categories one can be a director at the same time.
KCB changed the rules (I think) 4-8 years ago. Max term for directors is 2 terms. Not sure about CEO though.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Jamani
#10 Posted : Friday, August 03, 2012 7:21:17 PM
Rank: Elder

Joined: 9/12/2006
Posts: 1,554
Those banned from sitting as directors on listed firms

Charles Njonjo
James Kiereini
Peter Muthoka
Martin Foster
Richard Kemoli
Sobakchand Shah
Andrew Hamilton

http://www.businessdaily...6/-/5vujevz/-/index.html
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  | | Edit by user: Friday, August 03, 2012 7:22 PM | Reason: Not specified
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