Move led by director Javed Kureishi fails as five directors walk out of session, exposing split among shareholders
KE Ceo Moonis Alvi. Photo: File
A high-stakes attempt by K-Electric (KE)'s independent director Javed Kureishi to remove CEO Syed Moonis Abdullah Alvi collapsed on Thursday when five board members walked out of a crucial meeting, declaring that the company must not be dragged into "internal politics."
The meeting, convened specifically to push through top management changes, unravelled almost immediately after the majority bloc read out a prepared statement warning that it would not be "appropriate for the Board to reach a
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