Business
Governance changes
Governance changes.
About this update from Camellia Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 8520D\n Camellia PLC\n 02 November 2020\n \n \n \n \n 2 November 2020\n \n \n \n \n \n Camellia Plc \n \n \n Governance changes \n \n \n Following allegations of serious human rights abuses at Kakuzi Plc in Kenya, Camellia has been reviewing its governance and safeguarding oversight arrangements and is setting up a Safeguarding and Stewardship Committee of Camellia's Board of Directors. \n \n \n Camellia is also pushing the Boards of the companies we invest in to look at their own procedures, and where necessary make operational changes. \n \n \n Camellia welcomes the news that Kakuzi has taken further steps to upgrade its governance and safeguarding measures. Details are set out in Kakuzi's announcement which is reproduced below. They include establishing an Independent Human Rights Advisory Committee and setting up an Operational-level Grievance Mechanism in line with UN Guiding Principles on Business and Human Rights. \n \n \n These are important steps forward so that local communities, Kakuzi, and all those who depend upon it for their livelihoods can thrive together in the years to come. \n \n \n Camellia will continue to do all it can to ensure that companies it invests in operate to the highest standards of governance.\n \n \n \n \n \n Enquiries \n \n \n Camellia Plc 01622 746655 \n \n \n Tom Franks, CEO \n \n \n Susan Walker, CFO \n \n \n \n \n \n \n Panmure Gordon\n \n 020 7886 2500 \n \n \n Nominated Adviser and Broker \n \n \n Emma Earl \n \n \n Erik Anderson \n \n \n \n \n \n Maitland/AMO\n \n \n PR \n \n \n William Clutterbuck 07785 292617 \n \n \n \n \n \n \n \n \n \n \n \n KAKUZI PLC\n \n \n Board changes, establishment of Independent Human Rights Advisory Committee to the Board and of an Operational-level Grievance Mechanism\n \n \n \n \n \n Board changes\n \n \n The Board of Kakuzi Plc is pleased to announce that Nicholas Nganga has been appointed Chairman of the Board wi...