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Oceana, which is dealing with issues around delayed results, axing of senior staff as well as suspensions and resignations, including by PwC as its auditor, has announced the appointment of a new company secretary.
Oceana has recently been in the press for several reasons, none of them good. Although the company has (barely) satisfied reporting requirements and maintains that its corporate governance is above board, some questions remain.
PwC resigned as Oceana's auditor late on Friday, after a turbulent few months.
PwC has resigned as external auditor of Oceana because of a "strained" relationship with the company, and a lack of transparent communication with the board.
Only 61% of Oceana's shareholders were in favour of the reappointment of PwC as auditors for the group which owns Lucky Star.