Brink pushes for AGM vote as BBS board resists
Friday, April 30, 2021
Reports from the ongoing AGM being held in Gaborone suggest board members told shareholders that the meeting was irregularly called and insisted on an adjournment. The directors are said to have left the meeting, while shareholders remained behind and vowed to proceed with the agenda.
Brink, whose family holds 17% equity in BBS Ltd, secured an 11th hour order from Justice Michael Leburu restraining the board from adjourning the AGM. The rule nisi also makes the AGM resolutions binding on all parties.
While it is widely acknowledged that Khama holds the title of Kgosi, the government’s failure to properly gazette his recognition has raised serious concerns about adherence to legal procedures and the credibility of traditional leadership. (See a story elsewhere in this newspaper.) Recent court documents by the Minister for Local Government and Rural Development, Kgotla Autlwetse, shed light on the intricacies of Khama’s recognition process....