e.tv owners suspend executive chair Marcel Golding

2014-10-23 12:35

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Hosken Consolidated Investments, which owns broadcaster e.tv, has suspended its executive chairperson Marcel Golding, the company has said.

“HCI regrets to announce its decision to suspend the services of its executive chairperson, Marcel Golding, as an employee pending a disciplinary enquiry into certain allegations of gross misconduct by him,” HCI announced yesterday.

“The alleged misconduct in question was ... found to be of a very serious nature warranting disciplinary action.”

A special subcommittee mandated by the HCI board, comprising its lead independent nonexecutive director and the chairpersons of HCI’s audit committee and social and ethics subcommittees, deliberated on the matter.

“Disciplinary proceedings have been instituted and the process is scheduled to proceed on Monday,” the company said.

“In the interim however, Mr Golding, has responded to the process by launching proceedings to uplift his suspension and to stay the disciplinary inquiry and to seek other relief.”

While HCI respected the right of its employees to take whatever legal steps they deemed appropriate in their own defence, HCI would act to protect its interests.

“HCI intends opposing the said application,” it said.

HCI has stakes in businesses including gaming and leisure, media and broadcasting, transport, energy and property.

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