Every ordinary citizen wants to see public enterprises succeed. Good governance requires upright and uncompromising leadership. To drive change in public enterprises, the best approaches should be tolerated to take root. Functionaries in public enterprises should not extend their powers beyond what the law approves of. It is astounding that persons whose duty it is to steer the success of institutions are themselves the ones who run them into the ground.
This book engages with the text of Namibia’s Public Enterprises Governance Act 1 of 2019 (PEGA). The objective of the PEGA is to provide for the efficient governance of public enterprises and the monitoring of their performance. A Manual on the Public Enterprises Governance Act in Namibia helpfully considers the policy context that led up to the PEGA and sheds light on the Act in a way that is easy to follow.
The PEGA was preceded by a policy paper by the Ministry of Public Enterprises that expressed the perceived shortcomings of prior legislation governing public enterprises in Namibia. A proper governance model and accountability were identified as lacking.
It was hoped that the PEGA would transform the governance of the country’s public enterprises. However, the liquidation of Air Namibia in the era of the PEGA is testimony that the law has serious deficiencies, which this book helps to point out.
A Manual on the Public Enterprises Governance Act in Namibia argues that the PEGA is inadequate to address governance challenges and recommends necessary reforms.
The book will benefit lawyers, academics, students and researchers interested in the governance of public enterprises. It also will be useful to shareholders and boards of directors in public enterprises in Namibia and beyond.
- Can be used as both a student and a practitioner resource.