Board Games again

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Illustration © 2017 David Cave

SIDEBAR: The EFCL issue

The Board of EFCL was reported to have dismissed its CEO after he failed/refused to comply with their directions in a certain matter. There are allegations reported that the Cabinet attempted to direct the EFCL Board, which raises the perennial issue of the nature and extent of Cabinet authority over State Enterprises.

From both the Companies Act and the recent High Court/Appeal Court rulings in the eTECK matter, it seems clear to me that the Board of Directors have fundamental responsibility for the direction and control of the company. That is the legal position, but it seems that our fundamental political culture and conduct is in real conflict with notions of independent professional responsibility.

The State Enterprise sector is once again the subject of public concern on the good governance issues of accountability and transparency. Where does the power lie?

The two most striking issues emerging recently are the declaration of new accountability targets for State Enterprises and that the ‘EFCL Board fires CEO‘, reportedly in defiance of Cabinet directions.

The Accountability and Transparency Deficit is the first issue and it needs to be put into a timeline to illustrate the reality. Continue reading “Board Games again”

AUDIO: Interview on Power 102 FM on Invaders’ Bay Development 15 December 2016

Power 102 FMThis is my interview on the ‘Essential Public Interests at stake in the Invaders’ Bay development‘ Power 102.1FM’s ‘Power Breakfast‘ on Thursday, 15 December 2016 with Rhoda Bharath and Wendell Stephens.

  • Programme Date: 15 December 2016
  • Programme Length: 29:23

AUDIO: “Facing The Issues” interview with Tony Fraser along with Derek Chin on the Invaders’ Bay development.

Power 102 FMThis is my interview with Tony Fraser on Power 102.1FM on Wednesday 7 December 2016 to discuss the Invaders’ Bay development. The MovieTowne principal, Derek Chin, was also in the studio.

  • Programme Date: Wednesday, 7 December 2016
  • Programme Length: 1:37:34