RCR rincon resources limited

Why does the CFO still have a job? he reports to the board...….....

  1. 709 Posts.
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    Why does the CFO still have a job? he reports to the board...….. how has he not figured out what was going on.....

    crazy.... you cant blame Daglish for everything, failures from management to the board.... blaming site guys is a copout!!!!

    "
    a large proportion of the write-downs experienced were only recently identified. It said this was due to the on-site procedures adopted by a limited number of site personnel which had the effect of circumventing RCR’s standard processes and project level systems relating to procurement commitments. It did not suspect fraud
    "
    (source: https://reneweconomy.com.au/rcr-takes-huge-write-down-on-queensland-solar-projects-81971/)
    Rubbish rubbish rubbish!!!!!! CFO and Exec's should have been all over this... if site personnel have circumvented procedures then why isn't anyone sacked or fired??
    Executive management and the board have much to explain.
 
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