Another week, another State-Owned Entity (SOE) at the centre of a corporate governance storm. Leadership changes across Botswana’s SOEs have begun to resemble a game of musical chairs, a comparison now frequently voiced by an increasingly frustrated public. Every time an SOE makes headlines for the wrong reasons be it financial distress, executive misconduct, or service delivery breakdowns, the spotlight almost instinctively falls on management. Investigations are launched, executives are scrutinised, the CEO is questioned and, in some cases, suspended. Yet beyond the noise of the scandal and the headlines lies a crucial question that requires serious interrogation but rarely receives equal attention. Where was the Board?
When organisational challenges become the norm, it is necessary to examine not only the operational decisions but also the strength of oversight. Corporate governance failures within Botswana’s SOEs are often treated as isolated crises when they in fact point to a deeper issue of Board effectiveness.
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