Update on Telkom CFO’s Disciplinary Hearing
Telkom today announced the disciplinary hearing involving suspended Chief
Financial Officer, Mr Jacques Schindehütte, on a matter of personal misconduct
is scheduled to resume on 6 August 2014. This follows a long adjournment
agreed to by both parties.
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. This
applies to responding to queries relating to matters that have been raised
in, or are part of, the hearing. 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.
Telkom 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
The Company hopes that a definitive resolution on the matter
will be forthcoming upon the conclusion of this session.