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Moalosi captures BLLAHWU Burial Society  

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Moalosi captures BLLAHWU Burial Society  
Financial mismanagement, abuse of office and disregard for corporate governance has been alleged at the multi-million pula BLLAHWU Burial Society (BBS) due to lavish lifestyle of executives and controversial spending on luxury acquisitions, The Patriot on Sunday has learnt. The appointment of chairman of the Board of the burial society, Tebogo Edwin Moalosi, to the post of Chief Executive Officer (CEO) on May 02, 2016 has sparked a huge row among members who are questioning the legality of the appointment, and credentials of the holder. Members allege that they never resolved or endorsed the creation of the post and the appointment of Moalosi at any of their Annual General Meetings (AGM). Further, there is no indication of a management committee meeting (Board) where such decision was taken. It has since emerged that to date Moalosi, who is now the CEO also doubles as the chairman of BBS, in stark contravention of good corporate governance. In an interview on Friday Moalosi denied that he has been hired as the CEO of BBS. He said the position he currently holds is that of Chairman of the Management Committee to which he was elected at an Annual General Meeting (AGM) in Kasane in…

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