Questions were raised about the role played by the former boards of directors in ensuring proper governance and effective consequence management at state-owned companies.
Durban - The Standing Committee on Public Accounts , has announced on Wednesday that it will schedule hearings with former boards of state-owned entities.
“It became evident during the briefing that the collapse of entities such as SA Express and South African Airways might have occurred in part due to a lack of governance from their boards,” Ndenza said. "A number of the troubled state-owned entities fall under the ambit of the department, which is why Scopa wants to determine and interrogate how the department conducts oversight over these entities,” Ndenza said.
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