via Air Zim board fired Tuesday, 11 February 2014 19:14 ZBC
Corruption-embattled national flag carrier’s board has been dissolved with immediate effect together with other four boards falling under the Ministry of Transport and Infrastructure Development.
Air Zimbabwe, whose management is at the centre of a US$11 million insurance scam, continues to hog the limelight with the entity’s board having been dissolved with immediate effect.
Other parastatals whose boards have been dissolved include the Zimbabwe National Road Administration (ZINARA), National Railways of Zimbabwe, Civil Aviation Authority of Zimbabwe and the Traffic Safety Council of Zimbabwe (TSCZ).
Transport and Infrastructure Development Minister, Dr Obert Mpofu said the dissolution of the boards of the parastatals is meant to pave way for the reconstitution of new boards with a fresh mandate as enshrined in the Zimbabwe Agenda for Sustainable Socio-Economic Transformation (ZIM ASSET).
“Pursuant of the objectives and goals under the ZIM ASSET programme whose implementation is underpinned and guided by the results based management system, the ministry has taken a decision to reconstitute the following boards: ZINARA, Air Zimbabwe, NRZ, CAAZ and the TSCZ.
According to the ministry, the reconstituted boards will be mandated to ensuring that there is improved service delivery, maximisation of shareholder value and to spearhead the turnaround of the state-owned enterprises.
Market analysts contend that viability constraints and poor performance of some of state-owned enterprises has been due to the absence of strategic leadership and lack of sound corporate governance.