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Parastatals sink deeper into corporate governance disarray

What’s the beef”: The BAOA has previously slammed governance issues at the Botswana Meat Commission
What’s the beef”: The BAOA has previously slammed governance issues at the Botswana Meat Commission

State-owned entities are once again the major culprit in the latest analysis of corporate governance compliance by the Botswana Accountancy Oversight Authority (BAOA). The review has found board selection and ethical governance violations across the parastatals sector. Staff Writer, MBONGENI MGUNI writes

The Botswana Accountancy Oversight Authority (BAOA), the statutory watchdog for corporate governance in the country, has its hands full with state-owned entities, where annual reviews show declining standards.

In its latest report, covering the 2022 calendar year, BAOA officials sound exasperated by the country’s state of corporate governance.

Editor's Comment
Our digital safety is in our hands

That sounds like good news. But the report also warns that this may simply be because our digital economy is still young, not because we are safe. As more people shop, bank and pay online, criminals will follow.We Batswana do not need a report to tell us that danger is real. Many of us have heard of or fallen victim to KYC scams. A caller impersonates your bank or mobile money provider. They say they need to “verify” your account. They ask...

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