In a statement issued late last night following a meeting of the OCI executive committee, it said the Grant Thornton review will only be completed following the conclusion of criminal proceedings against
“This decision was taken following the receipt of a letter from
“The executive committee has decided not to incur the very significant additional cost of defending any such legal proceedings,” the statement read.
It also said it will hold an extraordinary general meeting next January to elect a new executive committee.
The council said it is to send a copy of the completed Deloitte report on its corporate governance to its member federations next week in advance of the January EGM.
That report is understood to include a series of criticisms about transparency issues in the OCI and concerns about how it functions and manages alleged conflicts of interest.
It had been speculated that if the Deloitte report were implemented it could see a number of