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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
A promising step for public schools, but...

For too long, the state of many public schools has been a source of shame. We have all seen the pictures and heard the stories of broken windows, unreliable water and electricity, topped by classrooms that are not fit for proper learning. The establishment of the Education Infrastructure and Management Company Ltd (EIMC) signals that authorities are finally ready to take this problem seriously. We must commend the government for this initiative....

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