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More details emerge in Access row
James denies going on spending spree
BY AL EDWARDS
Sunday, April 13, 2014
Access building on Half-Way-Tree Road in St Andrew
THE legal battle between majority shareholder and CEO of Access Financial Services, Marcus James, and company directors Christopher Berry, Gary Peart and Brian Goldson is set to be a landmark case for how effective governance is adhered to in corporate Jamaica.
In affidavits seen by Sunday Finance, the chairman of Access Financial Services, Goldson, and other defendants, Berry, Peart and Mayberry West Indies Limited, contend that James failed to explain the unexpected downturn in the company's fourth-quarter result (2013) and offered no cogent analysis or plan for addressing the matter.
Such behaviour, they deemed unbecoming of a CEO and warranted disciplinary action and possible dismissal.
Speaking with Sunday Finance last Friday evening, James countered that he had in fact furnished an explanation to the board and was not derelict in his duties as CEO of the company.
http://www.jamaicaobserver.com/busin...s-row_16462704
James denies going on spending spree
BY AL EDWARDS
Sunday, April 13, 2014
Access building on Half-Way-Tree Road in St Andrew
THE legal battle between majority shareholder and CEO of Access Financial Services, Marcus James, and company directors Christopher Berry, Gary Peart and Brian Goldson is set to be a landmark case for how effective governance is adhered to in corporate Jamaica.
In affidavits seen by Sunday Finance, the chairman of Access Financial Services, Goldson, and other defendants, Berry, Peart and Mayberry West Indies Limited, contend that James failed to explain the unexpected downturn in the company's fourth-quarter result (2013) and offered no cogent analysis or plan for addressing the matter.
Such behaviour, they deemed unbecoming of a CEO and warranted disciplinary action and possible dismissal.
Speaking with Sunday Finance last Friday evening, James countered that he had in fact furnished an explanation to the board and was not derelict in his duties as CEO of the company.
http://www.jamaicaobserver.com/busin...s-row_16462704
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