Not above the law
WHAT HAPPENED FOLLOWING THE Competition Commission’s inquiry into alleged collusion at Adcock Ingram, Tiger Brands decided to take severe action against certain members of its management. CEO Peter Matlare said the personnel concerned would, among other things, lose R19m of share options. However, the company was satisfied with the recommendations made by the report. BUSINESS REPORT said that Tiger Brands’ firm steps following the findings of its legal firm allowed it to regain its respect. Full marks to Matlare for his reaction to the report, which indicates it’s accepting responsibility, the paper said. There was also a lesson to be learnt from the matter, The Star said – that the wrong response by management can cause immense harm to reputations.