The new Public Investment Corporation board features three trade unionists, a first for the fund manager. For many years, trade unions, incensed by rampant corruption allegations that have surfaced at companies that employ their members, have intensified their demands for worker representation on boards.
While much of the focus has been on the appointment of business heavyweights Maria Ramos, Dr. Reuel Khosa and Sindi Mabaso Koyana to the interim board of the Public Investment Corporation (PIC), a closer look at its composition reveals something unprecedented about board appointments in South Africa.
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