by Bernard Mutambudzi.
The Ministry of Information, Publicity and Broadcasting today through posted an advertisement to members of the public who wish to be considered in the Public Entities Board.
The statement reads, “Are you interested in being considered for appointment to the Boards of Public Entities and have skills, experience and qualification in, Law, Accountancy, Banking, ICT, Human Resources, Marketing, Pharmaceutical, Medicine and Engineering,”
Under the Public Entities Corporate Governance Act, the board would see to it that Government eliminates the challenges that have bogged down the operations of State enterprises and parastatals.
The Public Entities Corporate Governance Act, has a raft of measures aimed at turning around the fortunes of parastatals, as was gazetted on May 11, 2018.
The law clips the wings of parastatal bosses that were running the firms like personal fiefdoms.
Some of the managers in the State owned enterprise had the audacity to increase their salaries even when the parastatals were performing badly.
The major advantage of this Act is that it clearly defines the roles of stakeholders, the Government, the minister, permanent secretary, the chief executive officer and the board.
The Public Entities Corporate Governance Act introduced a Corporate Governance Unit that will monitor the operations of parastatals.
The Corporate Governance Unit will be housed in the Office of the President and Cabinet and will provide an advisory and centralized support mechanism for line ministries to ensure strict compliance by all public entities with the applicable provisions of the Act.
Further, the Act speaks to the appointment, tenure and conditions of service of boards of public entities.