By BUUMBA CHIMBULUIT is imperative to set new benchmarks on corporate governance by the Government given the urgent need to restructure the Zambian economy.Doing so will ensure enlisting of competent board members who were critical in negotiating external funds, according Bridges Limited Managing Consultant Chibamba Kanyama.Mr Kanyama recalled that in the recent past, board of directors were sufficiently trained in corporate governance but still failed to perform to expectation largely because Ministers who appointed them did not adhere to acceptable benchmarks of good corporate governance in the Board selection process.“The Ministers need to set new standards of governance for these institutions in order for them to be fully aligned to the vision of Government.“Ministers need to move away from the most recent experiences where many Board directors aided unethical practices such as corruption through excessive political patronage, incompetence, and general lack of the duty of care,” he said in a statement.Mr Kanyama guided that the […]
Expert tips govt over corporate governance
