Govt keen to learn about corporate governance


A BREAKDOWN of corporate governance is a recipe for disaster and the Government is willing to learn from the business private sector on how to better address it.
Deputy Prime Minister Davis Steven said this during the Papua New Guinea Institute of Directors (PNGID) 12th annual awards ceremony in Port Moresby on Thursday night.
“I want to be in your presence so that I can influence, if I may, wherever I can in government decision making to enforce the importance on ventures of corporate governance,” he said.
The winners of the awards included:

  • 2019 young director – Digicel PNG Foundation CEO Serena Sasingian.
  • 2019 male director – City Pharmacy Ltd managing director Mahesh Patel
  • 2019 most innovative company award – The PLAYStation; and,
  • 2019 best annual report award – Kina Bank Ltd.

The female director award was not presented because of a lack of nominees.
Sasingian leads a team of young professionals at the Digicel Foundation rolling out community development projects and programmes in a sustainable and cost effective approach, all over PNG.
The 34-year-old is a lawyer by profession with a masters in business, specialising in philanthropy and not-for-profit studies.
She also founded the Voice Inc while at the University of Papua New Guinea, which is a movement of young leaders who strive to add value to the lives of the people in communities they live in.
She sits in the board of several organisations and has over a decade of experience in the field of development in public policy, through her work in government, private sector and not-for-profit sector.
“It is a real privilege to be able to receive this award and for that I am grateful,” Sasingian said.

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