OPINION | It's time to fix board appointments at SOEs

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Those interested in the affairs of the NYDA have raised concerns that the latest coterie being interviewed by parliament for membership on the board of the NYDA was pre-determined by the ruling party contrary to the provisions of its founding legislation that requires a fair and transparent process for appointment including the publication of the shortlisted candidates, parliamentary interviews and ultimate appointment by the President of the Republic.

Notwithstanding the latest discontent on the appointment of the NYDA board, the process provided in the NYDA Act on the appointment of board members, if properly observed, could serve as a blueprint to be followed in the appointment of all board members of state owned entities particularly the larger ones.

Currently, the appointment of directors into the boards of large state-owned companies is rather opaque, and until the GCIS publishes the cabinet statements containing the list of approved appointments into state-owned entities, the public doesn't get to know who has been appointed to serve, let alone the reasons why the shareholding Minister saw them qualified for appointment.

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