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Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd.
CalBank PLC has clarified recent changes at its executive and board level following reports suggesting the bank had dismissed key figures as part of efforts to address previous impairments.
In a statement issued on Monday, September 30, 2024, CalBank denied that any directors had been fired, attributing recent departures to the natural expiration of board tenures and statutory governance cycles.
The bank also confirmed that three independent non-executive directors, Mr. Ben Barth, Dr. Cynthia Forson, and Mr. Richard Arkutu, retired at the institution’s 2024 Annual General Meeting (AGM) on September 4, following the conclusion of their terms.
Source: newsthemegh.com