@Standard

Sorry state: 69 Government agencies have no boards - 9 months ago, 16 Maý 00:00

By: Moses Njagih

Sixty-nine State corporations with multi-billion shilling budgets do not have boards of directors, exposing management problems.

Of these, 30 are without substantive chief executive officers, as it is the boards that are mandated to recruit top managers.

The findings are in a report tabled before a watchdog committee of Parliament that laid bare the wanting status of State corporations.

Some are said to be operating without fully constituted boards and top managers, which is affecting their performance.

The National Assembly’s Public Investment Committee (PIC) was shocked to learn that despite pumping billions of shillings into the parastatals, the Jubilee government had not fully constituted boards for 69 out of the total 180 corporations.

And as a result, the report from the Directorate of State Corporations states that 30 of these parastatals, representing 17 per cent, are operating without substantive CEOs.

Although the report did not name all the companies in this state, ...
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Category: politics news

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