adminBoard appointment, management and performance
1. That board members be selected on grounds of merit, based on a clearly defined capability matrix and skills mix, in areas such as legal, finance, marketing, audit, technical, human resources, strategic and economic planning.
2. That a 50:50 gender representation and regional spread be factored into the selection of board members.
3. That a Corporate Governance and Delivery Agency be established within the Office of the President and Cabinet to co-ordinate and monitor compliance with the Corporate Governance Framework and the National Code of Corporate Government in Zimbabwe (Zimcode).
4. That board members be required to declare their assets and sign a code of conduct upon appointment and to declare their interests before commencement of discussion of any agenda item in which they have an interest.
5. That no Permanent Secretary should be a member of a public enterprise board.
Limits to board
appointment
1. That no person shall sit on more than two boards of a public enterprise.
2. That all boards be appointed for a four-year term, which is renewable once.
3. That all resolutions of the board should be submitted to the Minister and must be signed by the board chairperson, chief executive and corporate secretary.
CEOs’ appointment and performance
1. That all decisions on the conditions of service of the CEO must be made by a resolution from a well-constituted board meeting.
2. That all external audit reports must be submitted by the auditors directly to the Minister, in addition to the submission made to the board.
3. That CEOs and other senior management in State enterprises, parastatals and heads of local authorities be put on performance contracts.
4. That boards should evaluate the performance of CEOs on a quarterly basis and brief the line Minister on the results thereof;
5. That there be strong monitoring and evaluation mechanisms to assess the performance of CEOs under the performance contracts entered with their boards of directors.
6. CEOs must report directly to the Permanent Secretary on a regular basis, including on all significant decisions, after management meetings.
Online Reporter