Last week, we concluded our discussion of the Enron accounting scandal. We noted that commercial interest took precedence over allegiance to professional integrity and that the Enron case was the biggest audit failure in American history.
Two weeks ago, we discussed the issue of conflict of interest. We stated that a conflict of interest occurs in a situation where a public official’s decisions are influenced by his or her personal interest.
Part II Last week, we examined the accountability arrangements of all statutory bodies, especially as regards compliance with the Fiscal Management and Accounta-bility (FMA) Act.
The issue of conflict of interest has been in the news over the last few weeks, especially in the light of the disclosure by one of the media houses that the Alliance for Change (AFC) Chairman is also the Company Secretary of the Amaila Falls Hydro Inc., the company that was set up to manage the construction and operations of the Hydro Project.
Over the last few weeks, a number of concerns were expressed that raising the ceiling for Government guarantees of loans to public entities has the effect of increasing the public debt.
Two weeks ago, we began an examination of the Inter-American Convention Against Corruption (IACAC) which was signed on 29 March 1996 and which came into force on 6 March 1997.
Since my article of 5 August on the Amaila Falls Project, a number of important developments took place.
Last week, we began a discussion of the Amaila Hydropower Project in the light of the National Assembly’s rejection of: (a) the proposed amendment to the Hydro Electric Act mainly to protect the surrounding areas; and (b) the motion to lift the ceiling for Government’s guarantee of loans to public corporations and companies.
A historical perspective and the challenges ahead (Part II) Last week, we began a discussion of organizational management because of its relevance to both the public and private sectors but more especially in the light of the myriad of problems facing a number of state institutions.
Consider the following newspaper headlines: “PM says GPL commercial losses embarrassing”; “Power company forecasts $11B shortfall this year”; “Chand urges expert help to save sugar industry”; and “Sugar industry turnaround ‘far from reality’”.
During the last two weeks, we suspended our review of the UN Convention Against Corruption to look at the operations of the Guyana Power and Light (GPL).
Last week, we commenced reviewing the operations of the Guyana Power and Light (GPL) in the light of its disastrous performance over the years, despite the massive subsidies and capital contributions from the Treasury.
I was prompted to write this article because of my dismay at news reports about the salaries/fees payable to the Chief Executive Officers (CEOs) and the Chairmen of the Guyana Power and Light (GPL) and the Guyana Sugar Corporation (GUYSUCO), in the light of the disastrous performance of these state-owned entities over the years.
Two weeks ago, we began our discussion of the UN Convention Against Corruption that Member States adopted in December 2003.
Last week, we discussed the proposed amendments to the Anti Money Laundering and Countering the Financing of Terrorism (AML/CFT) Act of 2009.
Introduction Over the last two weeks, there were some interesting exchanges between the Government and the Opposition political parties on the proposed amendments to the Anti-Money Laundering and the Countering of Terrorism (AML/CFT) Act 2009.
One of the comments made in the Guyana 2012 Human Rights Report was that the Audit Office’s effectiveness remained limited since the Government may or may not act on the deficiencies identified.
Our democracy here in the United States over the last two centuries has weathered the storms of war, economic depression, crime, drugs, corruption and scandal.
Part II Introduction Last week, we discussed four aspects of the Public Service that prevailed at the time I served.
When you see how the President makes political or policy decisions, you see who he is.
Freedom of expression – in particular, freedom of the press – guarantees popular participation in the decisions and actions of government, and popular participation is the essence of our democracy.
Last Monday was Budget Day, and I took the opportunity of outlining the budget procedures.
When corruption enters politics, the latter becomes contaminated. Definitions change, and loyalty to the King becomes the norm.
You are now at a crossroads. This is your opportunity to make the most important decision you will ever make.
After a time man finds that it is not happiness, but knowledge, towards which he is going, and that pleasure and pain are great teachers.
Wealth and honour are what each person desires. But if they have been obtained in violation of moral principles, they must not be kept.
Introduction In my last week’s column, I gave a background to the Public Corporations Act 1988 and assessed the implications of the notification of 18 July 2000 relating to the vesting in NICIL movable and immovable property of the State.
I do not care to know your various theories about God. What is the use of discussing all the subtle doctrines about the soul?
In this path (of disinterested action) there is no loss of effort, nor is there fear of contrary result, even a little practice of this discipline saves one from a terrible fear of birth and death.
Introduction As I was about to prepare Part II of my article on the 2011 Auditor General’s report on the Ministry of Finance, three media reports on the procurement of drugs and medical supplies for the Georgetown Hospital and the Ministry of Health caught my eye.
Each work has to pass through these stages – ridicule, opposition, and then acceptance.
There is a strong positive correlation between democracy, good governance and accountability. Democracy facilitates accountability, which in turn facilitates development.