Johannesburg: Jan 23, 2011
Embattled Cricket South Africa CEO Gerald Majola has refused to step down from his post despite coming under fire from former officials during the Nicholson Inquiry into the CSA's financial affairs.
Published: Jan 23, 2012, 11:58 AM (IST)
Edited: Jan 23, 2012, 11:58 AM (IST)
Majola has been under pressure in recent weeks at the Nicholson inquiry into the financial affairs of CSA instituted by Sports Minister Fikile Mbalula © Getty Images
Johannesburg: Jan 23, 2011
Embattled Cricket South Africa CEO Gerald Majola has refused to step down from his post despite coming under fire from former officials during the Nicholson Inquiry into the CSA’s financial affairs.
“No!” was the terse reply from Majola when asked whether he would resign at a weekend press conference following a meeting of the Board.
Majola has been under pressure in recent weeks at the Nicholson inquiry into the financial affairs of CSA instituted by Sports Minister Fikile Mbalula.
The minister set up the inquiry after almost two years of bitter wrangling over large IPL II bonuses that Majola paid himself and other CSA staff without informing the board.
The IPL’s second edition was played in South Africa due to security concerns around elections at the time in India.
Majola admitted during his testimony to the inquiry that he had breached the Companies Act, but did so because he did not fully understand it. An independent inquiry by auditors KPMG had earlier also found Majola to have breached his duties as CEO.
At the weekend, CSA board members and executives of the provincial franchises attended a workshop where they were briefed on the Companies Act by an expert in the field, Deloitte analyst Prof Johan Erasmus.
Asked at a media briefing following the board meeting whether this was not a bit late given what had been disclosed by the KPMG report and the revelations at the Nicholson inquiry, Majola replied: “It’s never too late to learn.”
Judge Chris Nicholson has adjourned the inquiry to later this week to allow expert evidence from the South African author of the codes on corporate governance, Mervyn King, when he returns from abroad.
CSA acting chairman AK Khan refused to allow any questions or discussion from journalists on the Nicholson inquiry, citing that this was premature as the report was only expected to be finalised at the end of February. (PTI)
