Lack of Transparency Messes with the Bottom Line

Dollar Bill with a bewildered George Washington

Image Courtesy: Reuben Ingber

Tell the truth; tell it all; tell it first. That’s very often the credo for crisis advisers. Skeptical C-suite folks may very easily pooh-pooh the notion in favor of advice from a lawyer–however, what saves a company in a court of law may crucify it in the court of public opinion.

Such has been the case, recently, with Pinnacle Holdings (JSE:PNC), a technology company headquartered in South Africa. It seems Executive Director Takalani Tshivhase, the company’s greatest shareholder,┬áhas been charged with both bribery and corruption. Continue reading