Thu, 24 Aug 2017 12:54:49 +0000 The Mopani/CEC impasse indicates a complete breakdown in corporate governance. It puts into question the significance, import or indeed rationale of the government of the Republic of Zambia, being represented in both organisations by firstly the golden share held by the Minister of finance as well as corporate representation by ZCCM-IH which holds shares in both CEC and Mopani. What is the point of government owning these shares and then failing to mitigate at a time of need resulting in catastrophic consequences such as suspension of operations leading to revenue losses and a threat of job losses of up to 5000 miners? Corporate governance embodies a framework of rules and procedures that governs relationships within an institution as well as intra and inter institutional relationships. In this regard our understanding is that the relationship between CEC and Mopani, together with mines is governed by a power supply agreement that […]
