Chibamba Kanyama urges Board members to be pro-active

Prominent Economist Chibamba Kanyama has urged Board of Directors for both the State and private organisations to contribute effectively to the institutions that they serve.

Mr. Kanyama noted that being a member of the board of directors for an organization is not about the allowances that come with the opportunity but about their meaningful contribution to the organization.

He stated that when people are appointed as board of directors, they are actually lending their credibility and reputation to the organization and it is important for them to know what their responsibilities are.

Mr. Kanyama further said being a board member is also about growing the institution that is being represented for profitability.

He said this in an interview with ZANIS in Lusaka today shortly after the induction of board members for Inkpot Girls Boarding School.

Mr. Kanyama stated that board of directors are among other duties supposed to provide ethical leadership for organisations as there is a tendency of institutions being compromised with legal issues.

Meanwhile, Mr. Kanyama regretted that a lot of people are applying to be on the Board of Industrial Development Corporation (IDC) because it is responsible for state owned enterprises, without knowing what it is to be a board member.

Mr. Kanyama who graced the occasion noted that it is important that companies whether small or big appraise themselves with the 2017 companies Act which is a new Act.

He noted that the new Companies Act emphasizes on corporate governance that entails small companies having board of directors and being more accountable for their businesses.