Following days of speculation, the Chairman of DAAR Communications Plc, owners of AIT, Raypower and Faaji FM, Raymond Dokpesi (Jnr), has explained why 10 Directors, including Dr. Oluwatosin Dokpesi, the wife of his late father, Dr. Raymond Dokpesi,were eased out of the company.
Dokpesi Jnr told The Sun in an interview that surprising exit of the powerful board members was long overdue.
He said: “I think the first thing to recognise is that it is not a personal decision to ask anyone to go. If I had it left to me and to myself, I would definitely want to harness the experiences, the relationships and the skills that the existing management has for a little bit longer.
“But the reality of the matter is that we are a publicly listed company. We are the only publicly listed media company on the Nigerian Stock Exchange and that means we are also bound by the Securities and Exchange Commission rules and the code of corporate governance is mandatory for all publicly listed companies.
He added: “So, that means our responsibilities to our shareholders transcend personal choices or personal opinions. We have persons who are leaving the organisation after 27 years; we have people who are leaving after 22 years”
Be the first to comment