Codes of good governance at SOEs have to have sharp teeth
Legally binding guidelines for the recruitment of boards and CEOs will help prevent state entities from being ATMs
14 August 2019 - 05:05
Someone once said our state-owned enterprises (SOEs) are theatres, because most CEOs of the major SOEs are “acting”. And with the resignation of Mark Barnes from the SA Post Office comes another acting CEO.
The cause of the high turnover of executives at our SOEs and in the public service in general, according to SA experience as well as internationally, is a poorly defined interface between administration and politics...
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