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Parastatals sink deeper into corporate governance disarray

Tuesday, June 27, 2023 | 870 Views |

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.

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Parastatals sink deeper into corporate governance disarray