A FORMER Nedbank risk officer has taken the
bank to court to get shares reinstated after they were withdrawn from
him when he was forced out.
Sentletse Diakanyo, who is also the
Economic Freedom Fighters’ chief of staff was executive head of risk,
compliance and Reserve Bank liaison at Nedbank.
Mr Diakanyo was dismissed in February 2014 after run-ins and a breakdown in his relationship with group finance director Raisibe Morathi.
However, he challenged his dismissal at the Commission for Conciliation, Mediation and Arbitration (CCMA) as unfair.
In July 2014, the CCMA ruled that Mr Diakanyo’s dismissal was "substantively unfair".
Mr Diakanyo’s court bid to have his shares reinstated is important as it may offer clarity on how companies should deal with share options of employees who have been forced out.
Mr Diakanyo had asked for reinstatement, but Nedbank
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| Nedbank |
Mr Diakanyo was dismissed in February 2014 after run-ins and a breakdown in his relationship with group finance director Raisibe Morathi.
However, he challenged his dismissal at the Commission for Conciliation, Mediation and Arbitration (CCMA) as unfair.
In July 2014, the CCMA ruled that Mr Diakanyo’s dismissal was "substantively unfair".
Mr Diakanyo’s court bid to have his shares reinstated is important as it may offer clarity on how companies should deal with share options of employees who have been forced out.
Mr Diakanyo had asked for reinstatement, but Nedbank
