Review of entire SOE ecosystem ‘urgent and long overdue’ – Sacci

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Review of entire SOE ecosystem ‘urgent and long overdue’ – Sacci
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.SACCIza says the process of assessment and performance review is not likely to address the root causes of the crises at Eskom and other state-owned enterprises (SOEs) ... NDL_ndumeey

The South African Chamber of Commerce and Industry says the process of assessment and performance review is not likely to address the root causes of the crises at Eskom and other state-owned enterprises , if the review does not include the role of cabinet as the appointing authority. The chamber says it is concerned with cabinet’s process of selection, recruitment, retention, and performance management of SOEs.

We believe it is part of the chaotic mess we see,” adds the chamber. It says in line with established corporate governance principles, it should be the role of the board and not the shareholder to appoint the CEO of an SOE.

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