Telkom has confirmed to its stakeholders that the confidential disciplinary hearing involving Telkom’s CFO, Jacques Schindehütte, on a matter of personal misconduct is scheduled to commence in Johannesburg today (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 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 oabrd determined that the fairest way forward was to provide Schindehütte the opportunity to defend himself in a disciplinary hearing.
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.
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 followed.