The Director of Legal and Governance of the Ghana Centre for Democratic Development has criticized the appointment of Members of Parliament (MPs) to the boards of state owned enterprise (SOEs) by the president and called for its immediate seizure, if Ghana is to build the needed corporate governance culture necessary for the economic development of the economy.
He argues that such appointments are unnecessary, since parliament has a constitutional mandatory oversight responsibility over all SOE’s that empowers it to invite ministers to appear before appropriate committees to be quizzed.
Mr Prempeh’s arguments are contained in a research work titled Reforming corporate governance in Ghana in which he calls for the institution of the right and necessary legal structures to foster the culture of corporategovernance among state owned enterprise in this era of “Golden Age of Business.” Which would then mean “in constituting a board, only persons whose background, professional training and interest make them likely to add value to the governance of the corporation.”
The appointment of MPs to the boards of SOEs is considered in political circles as the last resort by the executive to appease MPs who lose out on appointment as ministers.
While admitting the weakness of the parliament in performing its oversight duties, Mr. Prempeh challenged MPs to insist on seeing audited financial statements of all SOEs, which would enable it (parliament) to perform its investigating role effectively. He also called for the scraping of the power of the president to and
The Director of Legal and Governance of the Ghana Centre for Democratic Development has criticized the appointment of Members of Parliament (MPs) to the boards of state owned enterprise (SOEs) by the president and called for its immediate seizure, if Ghana is to build the needed corporate governance culture necessary for the economic development of the economy.
He argues that such appointments are unnecessary, since parliament has a constitutional mandatory oversight responsibility over all SOE’s that empowers it to invite ministers to appear before appropriate committees to be quizzed.
Mr Prempeh’s arguments are contained in a research work titled Reforming corporate governance in Ghana in which he calls for the institution of the right and necessary legal structures to foster the culture of corporategovernance among state owned enterprise in this era of “Golden Age of Business.” Which would then mean “in constituting a board, only persons whose background, professional training and interest make them likely to add value to the governance of the corporation.”
The appointment of MPs to the boards of SOEs is considered in political circles as the last resort by the executive to appease MPs who lose out on appointment as ministers.
While admitting the weakness of the parliament in performing its oversight duties, Mr. Prempeh challenged MPs to insist on seeing audited financial statements of all SOEs, which would enable it (parliament) to perform its investigating role effectively. He also called for the scraping of the power of the president to and
