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AfricaMoney | August 20, 2017

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Mauritius corporate governance body asks for honest candidates for parastatals too

Mauritius corporate governance body asks for honest candidates for parastatals too

The National Committee on Corporate Governance (NCCG) invites the candidates who will cast their votes to make a commitment to appoint competent and honest people for the management of state companies, notably those managing water, electricity and the other essential services. (Image: ) 

“Lé 10 desam nou la krwa pou pran la parol pou désid nou destin.” In a few words, the National Committee on Corporate Governance (NCCG) has set the tone of its communication campaign on the sidelines of the general elections occurring next Wednesday, December 10, 2014.

The NCCG invites the candidates who will cast their votes to make a commitment to appoint competent and honest people for the management of state companies, notably those managing water, electricity and the other essential services

The NCCG notes that the same thing happens for every general election. The candidates are in search of votes, but, once elected, the public does not see them anymore.

Worse still, some people find themselves in parastatal bodies just because they have supported such or such political party during the general elections.

The President of the NCCG, Tim Taylor, explains the reasons that have urged the NCCG to introduce this communication campaign.

“For us, the democratic exercise which goes behind an election is very important, and it is extremely critical that our people and our decision-makers understand that the essential services must be managed with rigor and outstanding professionalism, because the choice of these leaders is the determinant of our future well-being,” he said.

Thus, those who we find in key positions, must have the necessary leadership skills to occupy them.

Furthermore, these bodies manage very important budgets and it is imperative that the authorities realize the importance of appointing capable people in these key positions.

“Good governance is one of main responsibilities of all the company board and the entities of the public sector are not an exception to the rule,” said Tim Taylor.

“For a board of directors to be effective, it must be constituted by competent and honest people. The NCCG thus issues an appeal to the leaders of all the political parties engaged in these elections to make sure that this happens,” he concluded.

About National Committee on Corporate Governance:

The “National Committee on Corporate Governance” (NCCG) has been established under Section 63 of the Financial Reporting Act 2004.

As the national coordinating body responsible for all matters pertaining to corporate governance, the objects of the NCCG are to:

(a) Establish principles and practices of corporate governance;

(b) Promote the highest standards of corporate governance;

(c) Promote public awareness about corporate governance principles and practices; and

(d) Act as the national coordinating body responsible for all matters pertaining to corporate governance.

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