National Security and Stability rooted in the better governance of Enterprise
Karugor Gatamah
Facilitator Corporate Governance training Courses. Fellow of the Institute of Directors in Kenya
It has repeatedly been said that the greatest guarantee and assurance of the national security and stability of any country is the full employment and engagement of its people.
Today, we see business enterprises collapsing or shutting down and declaring many redundant. We see huge numbers of college and school leavers being churned out and going without jobs. We see huge imports of second hand clothes, used cars and indeed even shoddy cheap new clothes that take away potential jobs for Kenyas.
We also see huge capital investments in the public sector that are entrusted to corporate boards to look after the "commanding heights of the economy" make nil returns or hugely inadequate results. We see corruption, abuse of office, inefficiency and uneconomic of resources drive jobs away.
Yet our 2010 Constitution and other laws expressly and impliedly demand adherance to the national values under {Article 10(2)}; the bill of rights {chapter 4}, the management of the environment and national resources Chapter 5 Part 2}; Leadership and Integrity {Chapter Six} Principles of Public Finance Article 201 , financial Control Article 225, and Values and principles of Public service Article 232 among others
The statutory duties imposed on Corporate Directors -based on the Common law duties of Directors and the duties of an agent
Facilitator Corporate Governance training Courses. Fellow of the Institute of Directors in Kenya
5 年I guess I should have asked the question - what do Kenyans need to do to mitigate against abuse and waste of public resources by boards of state corporations? that are entrusted? with huge capital resources! and still? make losses or very low returns??