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51-624: The Ghana FA Cup , currently known as the MTN FA Cup for sponsorship purposes, is the annual knockout competition in Ghanaian football created in 1958, a year after the independence of Ghana . Open to all Ghanaian football clubs, the competition was put on an 8-year hiatus between 2002 and 2010. Accra Hearts of Oak SC is the competition's most successful club, having it 11 times, followed by Asante Kotoko with 9. The current holders are Nsoatreman , who defeated Bofoakwa Tano 5–4 on penalties after

102-788: A 1–1 draw in the 2024 final after 120 minutes. MTN Group MTN Group Limited (formerly M-Cell ) is a South African multinational corporation and mobile telecommunications provider. Its head office is in Johannesburg . MTN is among the largest mobile network operators in the world , and the largest in Africa . MTN is active in over 20 countries including Asian countries like Syria, with one-third of company revenue generated in Nigeria , where it held about 35 percent market share in 2016, and 289.1 million subscribers in December 2022. MTN Group

153-550: A 49 percent stake in government-controlled MTN Irancell , the second-largest mobile phone operator in Iran , and 21 percent of MTN's subscriber base is from the country. In January 2012, the US-based advocacy group United Against Nuclear Iran (UANI) launched a campaign publicly calling for MTN to scale back its operations in Iran and end its business in the country. UANI alleges that MTN technology

204-485: A company's business decisions, including those in operations, marketing, business development , finance, human resources , etc. The use of the CEO title is not necessarily limited to describing the head of a company. For example, the CEO of a political party is often entrusted with fundraising, particularly for election campaigns. In some countries, there is a dual board system with two separate boards, one executive board for

255-424: A corporation or company typically reports to the board of directors and is charged with maximizing the value of the business, which may include maximizing the profitability , market share , revenue , or another financial metric. In the nonprofit and government sector, CEOs typically aim at achieving outcomes related to the organization's mission, usually provided by legislation . CEOs are also frequently assigned

306-402: A facade of charm and eloquence. Traits such as courage and risk-taking, generally considered desirable, are often found alongside these psychopathic tendencies. Tara Swart, a neuroscientist at MIT Sloan School of Management , has suggested that individuals with psychopathic traits thrive in chaotic environments and are aware that others do not. As a result, they may intentionally create chaos in

357-462: A formal delegation of authority regarding business administration . Typically, responsibilities include being an active decision-maker on business strategy and other key policy issues, as well as leader , manager, and executor roles. The communicator role can involve speaking to the press and to the public, as well as to the organization's management and employees; the decision-making role involves high-level decisions about policy and strategy. The CEO

408-662: A minority stake in MTN Group's Nigeria business for $ 335 million. In 2014, the company sold its tower portfolios in Côte d’Ivoire , Cameroon , Zambia and Rwanda to IHS Towers . That year, MTN was named to the 2014 BrandZ Top 100 Most Valuable Global Brand rankings and named the Most Admired and Most Valuable Brand in Africa, retaining the latter ranking in 2015. IHS Towers later acquired MTN South Africa’s towers, in 2022. In March 2016,

459-596: A source of criticism following a dramatic rise in pay relative to the average worker's wage . For example, the relative pay was 20-to-1 in 1965 in the US, but had risen to 376-to-1 by 2000. The relative pay differs around the world, and, in some smaller countries, is still around 20-to-1. Observers differ as to whether the rise is due to competition for talent or due to lack of control by compensation committees. In recent years, investors have demanded more say over executive pay. Lack of diversity amongst chief executives has also been

510-499: A source of criticism. In 2018, 5% of Fortune 500 CEOs were women. In 2023 the number rose to 10.4% of for Women CEO's of Fortune 500 companies . The reasons for this are explained or justified in various ways, and may include biological sex differences, male and female differences in Big Five personality traits and temperament, sex differences in psychology and interests, maternity and career breaks, hypergamy , phallogocentrism ,

561-631: Is "enabling the Iranian government to locate and track individual cellphone users which it says is a violation of users' human rights". In June 2012, Reuters and the BBC reported an allegation by Chris Kilowan, a former executive for the company in Iran, that MTN Group may have been complicit in securing American telecommunications technology from Sun Microsystems , Hewlett-Packard and Cisco Systems on behalf of Irancell, in violation of trade sanctions against Iran. Oracle , which owns Sun Microsystems, said that it

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612-402: Is often used in lieu of chief executive officer. Business publicists since the days of Edward Bernays (1891–1995) and his client John D. Rockefeller (1839–1937) and even more successfully the corporate publicists for Henry Ford , promoted the concept of the " celebrity CEO". Business journalists have often adopted this approach, which assumes that the corporate achievements, especially in

663-535: Is owned by MTN Group. Supersonic provides Fibre through most Service Providers including OpenServe and Vumatel . SuperSonic also offers “Air Fibre”, a 5G Based Mobile data service introduced in February 2021. In July 2021, they were fourth from the bottom of a list of 16 big ISP's that were rated. MTN Group sponsored the CAF Champions League football competition, as well as APOEL FC , winners of

714-418: Is sometimes included as one such subordinate executive officer, but, as suggested by Anthony Johndrow, CEO of Reputation Economy Advisors, it can also be seen as "simply another way to add emphasis to the role of a modern-day CEO – where they are both the external face of, and the driving force behind, an organization culture". In the US, the term "chief executive officer" is used primarily in business, whereas

765-427: Is tasked with implementing the goals, targets and strategic objectives as determined by the board of directors. As an executive officer of the company, the CEO reports the status of the business to the board of directors, motivates employees, and drives change within the organization. As a manager, the CEO presides over the organization's day-to-day operations. The CEO is the person who is ultimately accountable for

816-656: Is the primary sponsor of the South Africa national rugby union team and sponsors English football club Manchester United and Zambian Super League. The Nigerian subsidiary of the group also has an existing sponsorship deal with the Nigerian Football Federation . The company was founded in 1994 as M-Cell with assistance from the South African government. In 1995, it replaced its then CEO, John Beck, with Robert (Bob) Chaphe and founder Leena Jaitley. In 2001,

867-521: Is the primary sponsor of the South Africa national rugby union team . From 2013 till date, its foundation - MTN Foundation- has sponsored Nigerian Students with financial and educational grants well over ₦2.5 billion. It gave over 1,000 students across 2 geo-political zones in Nigeria ₦300,000 grant each in October, 2024. MTN has been criticised for its activities in Iran's telecommunications sector . MTN has

918-532: Is to prevent a conflict of interest and too much power being concentrated in the hands of one person. In the United States, the board of directors (elected by the shareholders ) is often equivalent to the supervisory board, while the executive board may often be known as the executive committee (the division/subsidiary heads and C-level officers that report directly to the CEO). In the United States, and in business,

969-522: The Cypriot First Division in 2009 , 2011 , 2013 and 2014 , and participants in the 2009–10 and 2011–12 UEFA Champions League . On 18 March 2010, it was announced that MTN signed a sponsorship deal with English football club Manchester United F.C. MTN Group has been the title sponsor of the Ghana FA Cup , renaming the competition as MTN FA Cup, since 2010. Since 2017, MTN Group

1020-541: The Dictionary says that the use of "CEO" as an acronym for a chief executive officer originated in Australia , with the first attestation being in 1914. The first American usage cited is from 1972. The responsibilities of an organization's CEO are set by the organization's board of directors or other authority, depending on the organization's structure. They can be far-reaching or quite limited, and are typically enshrined in

1071-562: The Government of Nigeria through the telecommunications regulator, Nigerian Communications Commission (NCC) for partial compliance of regulatory guidelines to Mobile Network Operators to disconnect from their network, all improperly registered Subscribers Identification Modules (SIM). The commission exercised section 20(1) of the Telephone Subscribers regulation (TSR) law on MTN, leading to a calculated fine of $ 5.2 billion, according to

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1122-535: The CEO is also the president, is the vice president (VP). An organization may have more than one vice president, each tasked with a different area of responsibility (e.g., VP of finance, VP of human resources). Examples of subordinate executive officers who typically report to the CEO include the chief operating officer (COO), chief financial officer (CFO), chief strategy officer (CSO), chief marketing officer (CMO) and chief business officer (CBO). The public relations -focused position of chief reputation officer

1173-476: The Nigerian Foreign Minister stated at a press briefing on 4 September 2019, that MTN group along with Shoprite, stated that the targeted South African stores in Nigeria are "subsidiaries that are owned by Nigerians." And that "the property owned by Nigerians within Nigeria and the people working there are Nigerians." Lai Mohammed , Nigeria's Minister of Information and Culture, reported that some of

1224-426: The South African companies that were attacked in Nigeria have Nigerian investors owning significant amounts of stakes, and Nigerian employees. MTN has stated that they will continue to do business in Nigeria. In March 2019 MTN launched a WhatsApp channel to let its customers buy airtime and data bundles through the messaging app. Customers can also check their balances and store their credit or debit cards in

1275-525: The UK, chief executive and chief executive officer are used in local government , where their position in law is described as the "head of paid service", and in business and in the charitable sector . As of 2013 , the use of the term director for senior charity staff is deprecated to avoid confusion with the legal duties and responsibilities associated with being a charity director or trustee, which are normally non-executive (unpaid) roles. The term managing director

1326-498: The app for future purchases. The service is provided by another South African company, Clickatell. In the same year, MTN launched a communication platform ayoba . MTN sold its Cyprus branch to Monaco Telecom for €260 million in July 2018. It was later re-branded as Epic in June 2019. In December 2019, former Deputy Finance Minister of the Government of South Africa , Mcebisi Jonas ,

1377-422: The arena of manufacturing, are produced by uniquely talented individuals, especially the "heroic CEO". In effect, journalists celebrate a CEO who takes distinctive strategic actions. The model is the celebrity in entertainment, sports, and politics – compare the " great man theory ". Guthey et al. argues that "...these individuals are not self-made, but rather are created by a process of widespread media exposure to

1428-596: The burden of the liabilities from the fine. This action brought about the reduction of the liability to $ 3.2 billion. In September 2021, MTN announced that it will close its zero-rated access to the popular social network Twitter . As of early 2022, MTN has had poor internet connection throughout the country; the cause is still unknown. Chief executive officer CEOs find roles in various organizations, including public and private corporations , nonprofit organizations , and even some government organizations (notably state-owned enterprises ). The governor and CEO of

1479-618: The case in October 2012 pending a US Supreme Court decision on the Alien Tort Statute , the US human rights law on which Turkcell's suit is based. In May 2013, Turkcell dropped its multibillion-dollar US lawsuit against MTN Group, citing a US Supreme Court ruling that hurt its case. On 27 November 2013, Turkcell resumed in Johannesburg. In 2015, the Nigerian subsidiary of MTN was fined by

1530-617: The case of a partnership , an executive officer is a managing partner, senior partner, or administrative partner. In the case of a limited liability company , an executive officer is any member, manager, or officer. Depending on the organization, a CEO may have several subordinate executives to help run the day-to-day administration of the company, each of whom has specific functional responsibilities referred to as senior executives, executive officers or corporate officers. Subordinate executives are given different titles in different organizations, but one common category of subordinate executive, if

1581-549: The chief executive officer, Sifiso Dabengwa, the Head of Nigeria Operation, Micheal Ikpoki and the Head of Cooperate Affairs, Akinwale Goodluck being replaced with Phuthuma Nhleko, Ferdi Moolman and Amina Oyegbola as new chairman, managing director and Head of Corporate and Regulation respectively. The new management employed a diplomatic measure between the government of the Republic of South Africa and its Nigerian counterpart to ameliorate

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1632-497: The company appointed Rob Shuter as CEO , who was succeeded on 1 September 2020 by Ralph Mupita . In May 2023, in support of the company's "Ambition 2025" plan to structurally separate its fibre business; MTN rebranded subsidiary MTN GlobalConnect as Bayobab, operating as Bayobab Fibre and Bayobab Communication. On March 14, 2024, several undersea cables were cut, disrupting service for the Africa Coast to Europe. Bayobab repaired

1683-410: The company reported that its controlling shareholder was Johnnic Holdings, and the chairperson was Irene Charnley . In 2002, Phuthuma Nhleko became the CEO, replacing then-CEO Paul Edwards, who had invested in expansion to Nigeria. MTN's competitors in South Africa include Vodacom , Cell C and Telkom Mobile . In May 2008, Bharti Airtel , an India-based telecommunications company, explored

1734-490: The company's annual results call that the group was now considering spinning off its mobile money activities. "We see a separation and carve out of our fintech business as something that we have to do”. In April 2021, he estimated the value of the group's mobile money arm to at least US$ 5 to 6 billion. MTN South Africa provides GSM , UMTS , HSPA+ (21.1 Mbit/s), HSUPA (42 Mbit/s, 2100 MHz), VOIP , 3G , 4G , LTE and 5G services. On 1 December 2011, MTN became

1785-469: The constitution. The compliance audit carried out by the NCC on MTN network revealed unregistered 5.2 million customers lines were not deactivated as directed. This led to the NCC fining MTN with the sum of $ 1000 for each unregistered SIM according to the Telephone Subscribers regulation (TSR) law, which amounted to $ 5.2bn. What followed was major resignations among the top echelon of the organization including

1836-450: The day-to-day business and one supervisory board for control purposes (selected by the shareholders). In these countries, the CEO presides over the executive board and the chairperson presides over the supervisory board, and these two roles will always be held by different people. This ensures a distinction between management by the executive board and governance by the supervisory board. This allows for clear lines of authority. The aim

1887-640: The disabled ACE and WASC lines during the following week. On 31 May 2018, MTN Ghana launched its initial public offering (IPO). The IPO closed on 31 July 2019. A total of up to 4,637,394,533 ordinary shares of MTN Ghana, representing 35% of its equity was offered to qualifying applicants. This was part of the agreement between MTN Ghana and Ghana's National Communications Authority (NCA) in November, 2015 for MTN Ghana to deploy 4G LTE mobile services to its customers in Ghana. Among other methods of payments, MTN mobile money

1938-492: The executive officers are usually the top officers of a corporation, the chief executive officer (CEO) being the best-known type. The definition varies; for instance, the California Corporate Disclosure Act defines "executive officers" as the five most highly compensated officers not also sitting on the board of directors. In the case of a sole proprietorship , an executive officer is the sole proprietor. In

1989-562: The existence of old boy networks , tradition, and the lack of female role models in that regard. Some countries have passed laws mandating boardroom gender quotas. In 2023 Rockefeller Foundation awarded a grant to Korn Ferry to research strategies and then action a plan to help more women to become CEO's. There are contentious claims that a significant number of CEO's have psychopathic tendencies, often characterized by power-seeking behavior and dominance. These individuals can often conceal their ruthlessness and antisocial behavior behind

2040-483: The market. On 30 October 2020, MTN made public the sale of their shares in the e-commerce brand Jumia . The sale was worth 142.31 million dollars. In February 2021, the MTN Group partnered with Mastercard to ensure safe and secure global e-commerce payments of their customer base in 16 African countries. A Mastercard virtual payment platform, that is linked to MTN MoMo (Mobile Money) wallets makes this possible. In March 2021, MTN CEO Ralph Mupita announced during

2091-409: The point that their actions, personalities, and even private lives function symbolically to represent significant dynamics and tensions prevalent in the contemporary business atmosphere". Journalism thereby exaggerates the importance of the CEO and tends to neglect harder-to-describe broader corporate factors. There is little attention to the intricately organized technical bureaucracy that actually does

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2142-460: The possibility of buying MTN Group. Reliance Communications was also in talks with MTN for a "potential combination of their businesses". In July, the two companies ended discussions regarding the merger. In June 2008, MTN Group agreed to purchase Verizon Business South Africa, which was a provider of data services to customers in South Africa and four other African countries. The acquisition

2193-793: The role of the main manager of the organization and the highest-ranking officer in the C-suite . The term "chief executive officer" is attested as early as 1782, when an ordinance of the Congress of the Confederation of the United States of America used the term to refer to governors and other leaders of the executive branches of each of the Thirteen Colonies . In draft additions to the Oxford English Dictionary published online in 2011,

2244-656: The second cellular provider to introduce 4G and LTE in South Africa They were also the first network operator in South Africa to launch a live public 5G network available in Johannesburg and Cape Town on 30 June 2020. MTN acquired Investcom , mainly under the Areeba and Spacetel brands. As of Q2 2024, MTN is active in: Supersonic is an Internet service provider that was founded in Johannesburg , South Africa in 2018 by MTN Group in to provide FTTH (Fibre) Internet services to South African consumers. SuperSonic

2295-409: The term "executive director" is used primarily in the not-for-profit sector. These terms are generally mutually exclusive and refer to distinct legal duties and responsibilities. The CEO is the highest-ranking executive in a company, making corporate decisions, managing operations, allocating resources, and serving as the main point of communication between the board of directors and the company. In

2346-457: The work. Hubris sets in when the CEO internalizes the celebrity and becomes excessively self-confident in making complex decisions. There may be an emphasis on the sort of decisions that attract the celebrity journalists . Research published in 2009 by Ulrike Malmendier and Geoffrey Tate indicates that "firms with award-winning CEOs subsequently underperform, in terms both of stock and of operating performance". Executive compensation has been

2397-790: The workplace. This perspective is explored in the book Snakes in Suits , co-authored by Robert D. Hare . However, Scott Lilienfeld has argued that the attention given to psychopathy in the workplace by both the media and scholars has far exceeded the available scientific evidence. Emilia Bunea, writing in Psychology Today , has linked psychopathic traits in managers to workplace bullying , employee dissatisfaction, and turnover intentions. Despite this, Bunea cautions that excessive worry about supposed psychopathic managers could discourage individuals from pursuing careers in corporations and deter employees from addressing issues with difficult bosses. In

2448-691: Was appointed as the board chairperson of the company. In August 2020, MTN decided to sell its shares in Syria , Afghanistan and Yemen , and to divest its 49% minority holding in Irancell over time. The company's decision was based on the fact that their assets in the Middle East contributed less than 4% to group earnings in the first half of the year. MTN Group has transferred its majority 82.8% shareholding in MTN Yemen to Emerald International Investment, thereby exiting

2499-452: Was completed on 28 February 2009. On 26 June 2009, MTN Group's subsidiary merged with Belgacom International Carrier Services (BICS), a subsidiary of Belgacom . The combined subsidiary functioned as the international gateway for carrier services of MTN. In October 2012, MTN announced a partnership with Afrihost to provide DSL Broadband services in Africa. In November 2012, South African holding company Shanduka Group acquired

2550-677: Was included as a payment option for the MTN share offer subscription. This was the first time mobile money had been used as a payment method in an IPO. The current CEO of MTN Ghana is Mr. Selorm Adadevoh . On 23 February 2017, Nigerian protestors attacked a MTN office in Abuja , Nigeria as a counterattack due to violence targeted against Nigerians in South Africa. In September 2019 MTN began closing stores in Nigeria and some of their stores in Johannesburg , South Africa due to rioting, looting, and attacks on some of their facilities. Geoffrey Onyeama

2601-476: Was investigating and denied involvement, saying that it complies with US export laws. Hewlett-Packard issued a similar statement. MTN Group denied the allegations, saying that it complied with US sanctions against Iran . Turkey's Turkcell filed a $ 4.2 billion lawsuit in Washington, D.C., in 2012 alleging the company used bribery to win a mobile licence in Iran that was first awarded to Turkcell. The court delayed

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