EXECUTIVES AND NONEXECUTIVES
ONKGOPOTSE JJ TABANE: Parastatal boards must keep to their jobsheets
Board members need to understand that serving on the board of an SOE is as much a civic duty as a privilege or a job
The big news on the parastatal landscape is the possible use of Telkom to plug the perpetual black hole at South African Airways (SAA). At least the country will hopefully soon see the back of Dudu Myeni, who has been a terrible chairwoman at the airline. In addition to the finance ministry’s scheduled announcement of a new SAA chairperson, Parliament is interviewing new SABC board members on Wednesday. At the weekend, I also saw a call for nominations for suitably qualified people to serve on public enterprises boards. These developments may well herald a new reawakening to the reality that we need urgently to fix governance at state-owned enterprises (SOEs). Board members need to understand that serving on the board of an SOE is as much a civic duty as a privilege or a job. That’s why it can be argued that, given the corruption associated with these appointments including cadre deployment by the governing party, SOE board members should not be career-focused individuals and nor sh...
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