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Cape Town - The board of Directors of Cricket South Africa (CSA) on Friday unanimously accepted the award made at the Arbitration hearing between CSA and Advocate Norman Arendse SC.
Arising from this the Board will recommend to the Annual General Meeting (AGM) that the number of independent directors be increased from five to six to include both Advocate Arendse and the original five accepted nominees.
This falls within the ambit of the Articles of Association which allow for a minimum of five independent directors.
The Board is now awaiting the outcome of the Mediation between CSA and the South African Sports Confederation and Olympic Committee (SASCOC) by the Deputy Minister of Sport and Recreation, the Honourable Gert Oosthuizen, before recommending the final composition of the independent component part of the new Board to the AGM.
The date of the AGM will now be determined by the outcome of the Ministerial Mediation process and the logistics associated with the changing of the Memorandum of Incorporation (MOI)
The Board has also resolved to initiate the process of seeking a new CEO who will be appointed by the new Board.
“I must once again compliment the Board members on the positive, forthright and united manner in which they have continued to take this matter forward to what we are determined to make a successful conclusion,” commented CSA Acting CEO Dr. Willie Basson.
“They have not always got the credit they deserve for the work they have done over the past nine months. They have created a state of the art governance structure in line with the Nicholson Committee of Enquiry recommendations that is going to be important not just for cricket but for all South African sport.”
Arising from this the Board will recommend to the Annual General Meeting (AGM) that the number of independent directors be increased from five to six to include both Advocate Arendse and the original five accepted nominees.
This falls within the ambit of the Articles of Association which allow for a minimum of five independent directors.
The Board is now awaiting the outcome of the Mediation between CSA and the South African Sports Confederation and Olympic Committee (SASCOC) by the Deputy Minister of Sport and Recreation, the Honourable Gert Oosthuizen, before recommending the final composition of the independent component part of the new Board to the AGM.
The date of the AGM will now be determined by the outcome of the Ministerial Mediation process and the logistics associated with the changing of the Memorandum of Incorporation (MOI)
The Board has also resolved to initiate the process of seeking a new CEO who will be appointed by the new Board.
“I must once again compliment the Board members on the positive, forthright and united manner in which they have continued to take this matter forward to what we are determined to make a successful conclusion,” commented CSA Acting CEO Dr. Willie Basson.
“They have not always got the credit they deserve for the work they have done over the past nine months. They have created a state of the art governance structure in line with the Nicholson Committee of Enquiry recommendations that is going to be important not just for cricket but for all South African sport.”
