Before proceeding with today’s article, a brief comment on two governance issues is not inappropriate. The first relates to the scandal at GUYOIL where board members got themselves involved in matters that are the preserve of management in relation to the negotiation of a procurement contract. The second involves GPL where two expensive vehicles were purchased from a business associated with the Chairman of the State-owned company. These two matters raise important questions about the basis of selection of board members generally; and whether they really understand their role and the parameters within which they are required to function.
