Penden Cement Authority Limited’s Management is accusing their Chairman of nepotism, abuse of authority, and interference in the management.
The Chairman had directed the officiating Chief Executive Officer, “to keep on hold all the major decisions taken by the previous management in the last one month”.
Several decisions, including internal transfers of the employees were sanctioned by the former CEO, who resigned in June, this year.
According to the Management, the directive from the Chairman is purely based on internal transfer of the Deputy General Manager of Administration Department, who is related to the Chairman. The Deputy General Manager was to be transferred to the Security Department.
The Management shared due to persistent pressure from the Chairman, the internal transfers were kept on hold.
On the other hand, the Chairman said he only conveyed the decisions made by the Board.
The Board had decided to put the decisions made by the former CEO on hold since the company’s new CEO would be joining soon.
