Board Chairperson David Masondo and four non-executive directors resigned this week. PIC CEO Patrick Dlamini has also been placed on precautionary suspension. READ | PIC board chairperson David Masondo resignsCorusca Consulting Director Khaya Sithole said Masondo’s exit leaves the PIC leaderless. This, he said, already signaled a show of no confidence in the leadership of that board at that particular point in time. READ | Two non-executive directors resign after acting PIC CEO appointmentHe further emphasised that all board decisions were made based on sound legal counsel and strict adherence to governance principles.