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Court asked for independent probe of Lewis execs, practices

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Cape Town - An independent third party should investigate the affairs at Lewis, Lewis Stores and Monarch Insurance to determine whether certain directors of Lewis should be declared delinquent in terms of the Companies Act.

This is what Dave Woollam, a director of Summit Financial Partners, asks the Western Cape High Court to do in his answering affidavit in an application brought by Lewis regarding the demand to have certain directors declared delinquent.

In his answering affidavit Woollam provides what he deems to be proof of mismanagement by certain directors of Lewis over the past few years. In Woollam's view, if these directors are not declared delinquent, Lewis will continue what he regards to be a course to becoming a failed company.

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