Teachers Savings and Loan Society (TISA) urgently calls for the immediate termination of Danny Robinson, CEO of Credit Corporation, following his premature announcement of the granting of a banking license.
This action constitutes a serious violation of Port Moresby Stock Exchange (POMSoX) rules, resulting in the indefinite suspension of trading of Credit Corporation shares.
Danny Robinson’s actions were premature, immature, and reflect a level of desperation and incompetence that is unacceptable for the leader of a publicly traded company.
His unauthorized announcement has severely impacted shareholder value and disrupted capital markets trade.
TISA asserts that the Board of Directors of Credit Corporation must also be held accountable for the actions of their CEO.
It is imperative that the Board demonstrates full accountability and takes necessary steps to restore the trust and confidence of shareholders and stakeholders.
TISA is committed to ensuring the integrity and stability of the financial markets.
We emphasize the importance of adhering to regulatory frameworks and maintaining trans parent governance practices to safeguard shareholder interests and uphold market integrity.
