There is an ongoing power struggle at the top of the Telenor. The half state-owned company is one of the largest and most successful companies.
The fight standing Norwegian trade and industry minister Monica Mæland, chairman of the board Gunn Wærsted and chief executive officer Sigve Brekke.
All three know that not everyone can survive. the at Least one out. They just can’t be completely secure at the end.
on Wednesday night revealed the Current Business that the chairman Wærsted had suggested to the ceo that he should resign. But when she brought the case before the board, she was left standing alone.
It can end with that in place is Wærsted that need to go. She was chairman of the board for less than one year ago. The most likely is that Norwegian trade and industry minister Mæland draws his support to Gunn Wærsted.
Mæland start also to get the bad time. It seems that she has known of the crisis in the relationship between Wærsted and Break in so make sure long time that she can risk to be accused of handlingslammelse.
The star in Asia
When Wærstad took over as chairman of the board, was Sigve Brekke already in place as new president and ceo. Success that Telenor head of Asia brought him to the top.
Sigve Brekke is a new Telenor-chief
He was immediately weakened by the revelations in the magazine Capital of what at best could be called inaccuracies in his CV.
Aaser was replaced by næringsministeren because of the handling of charges of corruption in the Russian phone company work at vimpelcom. Where is the Telenor big part owner.
How maktspillet takes place
When hovedeieren in a large company suddenly replacing its chairman, can the real goal be the ceo.
It may well have been the case in this case also. The meaning may have been that the new chairman should make sure that the Break was a short karrière as the ceo.
When a new chairman takes over a company in the storm, she will naturally check first whether the owner has confidence in the management of the company. She will ensure that her and the owner’s assessment of the ceo is roughly the same.
Now, in retrospect, it is hard to believe that Wærsted and minister Mæland both think it was wise to make the Break to the ceo.
Deposition can be an adventure
Dissatisfaction with Wærsted and maybe Maeland with Brekke may have increased in pace with the fall in the share price, the further handling of the CV-case and several other matters.
as Such, there is no bomb that the chairman Wærsted in the fall went to the Break and suggested that he should consider to retire.
But she was standing almost alone in the board of directors.
No mercy for the losers
For a chairman acting on his own expense and risk, there is no forgiveness for being wrong in such situations. When is the drama a fact. She run the risk of even having to withdraw.
But in such situations, where the chair is not in line with styreflertallet, it also happened that hovedeieren has forced through the replacement of the members who went against the chairman of the board.
So will the minister Monica Mæland be able to make sure that Wærsted is sitting. She can get new members and then send the Break of the door.
What is an assembly?
In Telenor is the control more complicated than in many other large companies. The owners choose a corporate assembly of the company, who then select the board of directors.
Thus, the way from the owners to the board of directors and the ceo anymore.
To replace all or part of the corporate assembly is a heavy process, with formal and political snubletråder. It can appear as a massacre.
For Norwegian trade and industry minister Monica Mæland will such a process be a game of chance. She risks criticism from several directions, and can damage themselves, perhaps fatal.
The political logic draws therefore in the direction of that Maeland must bet that Gunn Wærsted retires as chairman of the board.
For Sigve Brekke, it may still not end completely well. If he stays, he will still be a weakened president and ceo.
Telenor lost gangsynet in work at vimpelcom-matter | Ola Storeng
No comments:
Post a Comment