The Teachers Savings & Loans Society Limited or TISA is urgently calling for the immediate termination of Danny Robinson, the Chief Executive Officer (CEO) of Credit Corporation. According to statement released by TISA this afternoon, the call was made following his premature announcement of the granting of a banking license, because this very action constitutes a serious violation of Port Moresby Stock Exchange (POMSoX) rules, resulting in the indefinite suspension of trading of Credit Corporation shares. “Danny Robinson's actions were premature, immature, and reflect a level of desperation and incompetence that is unacceptable for the leader of a publicly traded company,” TISA management said in the statement. “His unauthorized announcement has severely impacted shareholder value and disrupted capital markets trade.” TISA asserts that the Board of Directors of Credit Corporation must also be held accountable for the actions of their CEO. It is imperative that the Board demonstrates full accountability and takes necessary steps to restore the trust and confidence of shareholders and stakeholders. TISA is committed to ensuring the integrity and stability of the financial markets. “We emphasize the importance of adhering to regulatory frameworks and maintaining transparent governance practices to safeguard shareholder interests and uphold market integrity.”