BBS shareholder sues board over AGM

Morapedi who is also the director of Botswana Centre for Public Integrity, a non-governmental organisation focused on governance made an urgent application before court asking to enforce her rights as a shareholder and to prevent the current board of directors from extending their tenure. According to her application that was heard on Wednesday before Lobatse High Court Judge, Mercy Garekwe she wanted a guarantee from the board that they would not prevent election of directors at the AGM scheduled for April 30, 2021 or extend the tenure for those whose mandate is expiring.  “The purpose of the application is to enforce my rights as a shareholder to participate in the appointment of the board of directors, whom I have lost faith in from extending their own tenure,” she said.

Morapedi explained that there was a lot of uncertainty and turbulence at the company, which has caused great anxiety for shareholders and that it had brought great concern as to whether it is managed properly.