Ministry of Public Enterprise

22 Jan

Board fees are not the issue

ObserverNational News, ,
It is long overdue that boards of directors be held accountable when they do not meet expectations. But penalties cannot be extracted without a regulatory framework and definitions. The Ministry of Public Enterprise must demand that potential board members agree to listed performance requirements. Those requirements must be given in advance and in writing. They should state upfront that board fees are payable only with approved performance ratings each quarter. Until this is done in Namibia, no one can arrive after the fact and declare that (undefined) ‘poor performance’ means that board fees must be returned. This is not a…
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Govt probes Agribusdev
27 May

Govt probes Agribusdev

ObserverObserver Money,
Andrew Kathindi Government through the Ministry of Public Enterprise (MPE) has instituted a probe into the operations of Agricultural Business Development Agency (Agribusdev) the Windhoek Observer can reveal. The investigation comes amid increased concern over allegations of mismanagement and dubious tender awards at the government entity tasked improving the country’s food security. Public enterprise minister, Leon Jooste whose remit the Agribusdev now falls under, confirmed that an investigation had been commissioned to understand the core reasons behind government agency’s historic problems. The findings will guide the Ministry’s proposed interventions. “From Government’s side I can assure you that we are not…
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