Parastatals sink deeper into corporate governance disarray
Tuesday, June 27, 2023 | 940 Views |
What’s the beef”: The BAOA has previously slammed governance issues at the Botswana Meat Commission
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.
When the State cannot rely on its own machinery to pursue suspected wrongdoing, repairing that machinery must become a national priority.The establishment of a Special Investigations and Asset Recovery Task Force may help government respond to the immediate challenge. However, Botswana cannot afford to leave the Directorate on Corruption and Economic Crime (DCEC) and the Directorate of Public Prosecutions (DPP) struggling whilst building...