A spotlight on governance

As messy as the Botswana Building Society (BBS) Limited saga has been, one positive that came out of it has been the critically needed spotlight being shone on the country’s corporate governance.

The history of the country’s corporate sector is littered with episodes of gross poor governance and even scandals, very often swept under the rug and eventually forgotten. By necessity, the spotlight on governance is often on government as a taxpayer funded entity, but it is also true that some of the worst governance infractions have taken place and continue to do so in parastatals, private companies and NGOs.

In the absence of substantive whistle-blower legislation and similar supportive structures within most organisations, vices such as nepotism, procurement fraud, corporate bullying, gross corruption and abuse of power have become commonplace in the corporate space, with the culprits seemingly immune to censure.

Editor's Comment
Closure as pain lingers

March 28 will go down as a day that Batswana will never forget because of the accident that occurred near Mmamatlakala in Limpopo, South Africa. The tragedy affected not only the grieving families but the nation at large. Batswana throughout the process stood behind the grieving families and the governments of Botswana and South Africa need much more than a pat on the back.Last Saturday was a day when family members said their last goodbyes to...

Have a Story? Send Us a tip
arrow up