VC calls for introduction of meritocratic approach to appointment of executives, board members in SOEs

Lost your password? Please enter your username or email address. You will receive a link to create a new password via email.Lost your password? Please enter your username or email address. You will receive a link to create a new password via email.A continued downward trajectory is the only possible forecast for South Africa’s state-owned enterprises if political appointments in SOEs continue to take precedence over expertise.

“The breakdown of corporate governance in our state-owned enterprises and the way we appoint board members in this country is something I find deeply worrying. It is a conversation that should be in the public spotlight and a matter that we should address urgently,” says Prof Tyobeka. “This brings me to the issue of cadre deployment. Whatever you want to call it – cadre deployment or the strategic placement of individuals who are loyal and sympathetic to the cause of a ruling party, which I believe happens all over the world – it has to be based on merit. They must be qualified and experienced individuals with a track record of success and accountability. That will instil confidence in the system.

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