An expert in governance says Zambia has made strides in organized cooperate governance.
Former International Monitory Fund (IMF) Communication Advisor Chibamba Kanyama has observed that the future seem to be bright in cooperate governance in the country with the establishment of Industrial Development Cooperation (IDC) to regulate government run institutions.
Mr. Kanyama pointed out that poor cooperate governance, uncertainty in tenure of office by institutions’ Chief Executives and lack of ethical leadership in the past led to the collapse of several institutions in the country.
Mr. Kanyama who is also former Zambia National Broadcasting Cooperation (ZNBC) Director General said this on the sidelines of the inaugural conference on good governance in Lusaka yesterday.
He stated that there is need to apply good governance for the success
of every organization.
He pointed out that days are gone when Board Members just waited for allowances at the expense of making critical decisions that could drive the agenda of an organization.
And the Institute of Directors President Esther Munalula said good governance is a cornerstone upon which trust can be built.
Professor Munalula further said good governance is a vital ingredient for attracting and retaining customers, suppliers, employees, shareholders and other stakeholders.
The conference was organized by the Good Governance Institute in
Association with the Institute of Directors.