Namcode

Maria Hamutenya, Andrew Kathindi Public Enterprise Minister, Leon Jooste, says State-owned Enterprises (SOEs) directors appointed to boards will now be made financially liable for any decision that they enter into on behalf of SOEs that are not in the best interest of the entity. According to Jooste, the Public Enterprises Governance Act (PEGA) has a provision that makes directors appointed, personally liable for the financial implication of the decisions which they enter into on behalf of the said SOE. The development comes as multitudes of Namibians have been applying to seat on SOE boards mainly induced by the benefits and…