Golding resigns from e.tv

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Golding resigns from e.tv --

Wed, 29 Oct 2014 12:14

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Following a dismissed appeal against disciplinary action charges brought about by Hosken Consolidated Investments (HCI), chairman and e.tv CEO Marcel Golding has resigned. The charges relate to Golding s purchase of shares in Ellies, a JSE-listed company, which he is accused of doing without board approval.

Golding submitted an urgent application to stop the disciplinary hearing based on the argument that he was employed by Sabido and e.tv and not HCI, which was dismissed by Labour Court Judge Anton Steenkamp.

According to the Mail and Guardian, Golding released a statement internally to the group explaining his resignation:

I deny these charges. I am of the view that the manner in which HCI intended to conduct my hearing as well as the circumstances which led to the decision to bring charges against me has rendered my employment relationship with HCI intolerable.

The relationship of confidence and trust between myself and the board of HCI has broken down due to the manner in which the HCI board has conducted itself.

In the circumstances, I have been forced to resign and I will in due course be bringing a claim of unfair dismissal on the grounds that I have been constructively dismissed.

Golding maintains that his transaction was carried out in good faith and at the time believed to be in Sabido s best interests and has said the disciplinary action, which he believes was driven by HCI directors John Copelyn and Yunis Shaik, is as a result of his refusal to permit political interference with editorial content.

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