New Directors Horse racing trust

Does this effect the mEMBERS THAT SIT ON THE Phumelela bOARD??

what you mean?

Jooste etc have served the max allowed

I do not really know who these “many” directors of the Racing Association are who have been major shareholders and directors in Phumelela?

Of the present Phumelela board, only Messrs Jooste, van Niekerk and Walters have ever been directors of the Racing Association. Not one of these gentlemen has been on the board of the Racing Association for at least the last 3 years. Messrs Jooste and van Niekerk were nominated as Trustees of the Trust by the Racing Association (2 of their 5 nominees) and, in turn, nominated by the Trust as directors of Phumelela. The shareholding that any of these gentlemen may have, in value, is dwarfed by the amount that they have invested in horses as owners. Any allegation of a real or potential conflict of interest to the detriment of the greater good of the sport is therefore, simply, unfounded.

Best to avoid any perception of conflict of interest...even if unlikely and unfounded...