Good corperate governance lacking in PF says Fr Bwalya

The Alliance for a Better Zambia (ABZ) has said that the failure by the Patriotic Front (PF) government to appoint a board chairman at ZESCO and its inability to constitute a board at the Road Development Agency was a sign of lack of good cooperate governance in the entire governance system.

The ABZ has said  it is worried that the Patriotic Front (PF) government’s has failed to replace him since he resigned eight months ago and has stated that this amounts to nothing less than a failure in the practice of good cooperate governance.

Fr Bwalya said it was unacceptable that Zesco which was a vital state enterprise was failing in area of corporate good governance through which the institution was expected to make and implement policy decisions.

He said government has been borrowing a lot of money for Zesco under the guise of recapitalising the firm so as to increase its electricity generation and transimission capacity and it was therefore important for government to commit itself to sound corporate governance.

Fr Bwalya told the Daily Nation that financial lending institution would have no confidence in the power utlity company if it remained without a board chairman.

He said it was recklessness on the part of the PF leadership to have ignored the principle of good corporate governance by failing to constitute a board at the Road Development Agency (RDA) an institution that was heavily funded and involved in   road construction.

Fr Bwalya said President Sata had grabbed RDA from the ministry of Works and Supply so that it could be under his direct suppervision as there was no board to oversee its activities.

“We are very worried about the PF government lack of seriousness with the issue of good cooperate governance. Since I resigned as Zesco board chairman in April, the position has remained vacant for eight months. This is unacceptable given the fact that Zesco is a vital state enterprise that should not compromise the principle of corporate governance. Zesco must be a shining example of good governance,” Fr Bwalya said.

Fr Bwalya explained that the attitude of having the office of RDA at State House was an indication that President Sata and his government did not value the tenets of transparency and accountability. Fr Bwalya has appealed to President Sata and his government to take issues of good governance and accountability seriously and correct the anomalies in the state enterprise and the entire governance system.

Fr Bwalya has advised President Sata to begin inviting the former presidents each time he was commissioning projects that were initiated by the previous governments.