Telkom CFO’s Disciplinary Hearing Starts
Telkom confirms to its stakeholders that the confidential disciplinary
hearing involving Telkom’s CFO, Mr Jacques Schindehütte, on a matter of
personal misconduct is scheduled to commence in Johannesburg tomorrow,
Thursday 16 January 2014.
This disciplinary hearing is the outcome of a process that began last
year, when Telkom received certain allegations regarding the conduct of
Mr Schindehütte. Following the receipt of the allegations, the Board of
Directors tasked an independent legal firm to investigate the allegations.
A report was completed and presented to the Board by the law firm. The
Board considered the report, applied its mind and took professional advice.
In October last year the Board determined that the fairest way forward
was to provide Mr Schindehütte the opportunity to defend himself in a disciplinary
In the interest of ensuring a fair process, all parties to the confidential
disciplinary hearing are constrained from discussing the matter outside
the hearing itself or commenting on its content to third parties. Telkom
respects this process and is therefore not in a position to comment on
any details related to the matter until the outcome is decided.
is committed to following the correct principles and processes to ensure
that the hearing is conducted in a fair and dignified manner which meets
all legal and governance requirements. The outcome of the hearing will
also follow the prescribed Board processes, before being communicated publicly.
In the interests of transparency Telkom is committed to communicating the
outcome once all required legal and governance processes have been followed