Question NW960 to the Minister of Public Enterprises
20 April 2023 - NW960
Buthelezi, Mr EM to ask the Minister of Public Enterprises
What consequence management interventions will his department take against the 31 out of the 38 board members of state-owned enterprises (SOEs) who failed to attend the compulsory induction training, considering that the specified training plays a pivotal part in their ability to manage the crippling state of SOEs?
Reply:
There are currently 6 Boards within the Department’s portfolio of State-Owned Companies, comprising 50 Board members. To date, all the Directors have been inducted.
Board induction process is undertaken jointly between the Department and the SOC when a new Board is appointed. This is not a compulsory process in that there is no legislative requirement prescribing Board induction. Rather, it is a good governance practice that has been adopted and implemented by the Department.
In addition, an introductory meeting is held with the Minister and the Board wherein key issues pertaining to inter alia Shareholder’s expectations are outlined. Moreover, the Company itself prepares and undertakes an ongoing Board training programme upon identification of individual Board members’ areas of development.
Further, the Company reports on its Board training and development to the Shareholder on a quarterly basis as part of its Quarterly Report to the Shareholder, to enable the Department to monitor both the Board and Company’s performance against set targets.
Remarks: Reply: Approved / Not approved
Jacky Molisane PJ Gordhan, MP
Acting Director-General Minister
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