SOE directors should be appointed in transparent process

If we accept that most of our SOEs are in crisis, then we need to change the way we have been doing thingsWith the perennial leadership instability at most of our nation’s state-owned enterprises , coupled with the resultant decline in public confidence in these institutions, perhaps it is time the government departs from the current practice of appointing both executive and non-executive directors of these parastatals.

A transparent and competitive process similar to that of the JSC would help achieve two important goals. A transparent and competitive process similar to that of the JSC would help achieve two important goals: ensuring that whoever emerges as the suitable candidate is a person the public can have confidence in; and that only fit and proper candidates are considered.

During my five-year tenure as Eskom spokesperson, I couldn’t help but conclude that some of the board members were out of their depth when it came to governance issues, and that Eskom was probably their first or biggest assignment. In one instance, Eskom sent two contradictory letters to McKinsey and Trillian, the first demanding that they pay back the R1.6bn that was unlawfully paid to them, and the second saying there was no need to pay back the money. It was only after the current board was appointed and rescinded the second letter that McKinsey was essentially forced to pay back about R1bn of their share.

Everything about soe's shound be transparent, their contracts, tenders and all expenses. Let the public hold them to account

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