SOEs training women to be directors

STATE-Owned Enterprises (SOEs) are training 15 women to become board directors.
Kumul Consolidated Holdings executive manager, strategy and programme, Sidney Waingut said: “We are training 15 women directors.
“One woman has already been appointed to the board of one of the SOEs.”
Waingut said training woman directors was one of the four agendas of the SOE reform programme that the Government had approved in 2019.
He said the other three agendas were assessing the performance of SOE boards, refinements to their procurement policies and up-to-date audit reports being made available online.
“We have been undertaking some of these initiatives for some time,” Waingut said.
“There is now an independent process to the appointment of individuals to the board of directors.
“We are also looking into establishing public-private partnerships between SOEs and private entities to help boost service provision.”
Anthony Yauieb, deputy board chairman of Nasfund, said much more needed to be done.
He said transparency was a big issue when it came to SOEs and that the Whistle-blower Act should be implemented.