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*Zimbabwe's Public Entities Corporate Governance Act Passed* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?it A new law, the Public Entities Corporate Governance Act has been passed. The law was gazetted on Friday, 11 May 2018. Some key highlights include: CEOs ofState Enterprises and Parastatals will serve for a maximum of 10 years. Permanent secretaries are no longer allowed to sit on the boards of public entities A Corporate Governance Unit, a department in the Office of the President and Cabinet, is being established to monitor and evaluate the performance of public entities and their leadership State Enterprises and Parastatals senior employees will have to declare assets and business interests exceeding $100 000. Board members will not be allowed to access loans or any other credit facility from SEPs More: Sunday Mail ---------- Latest itel S24 available on Pindula: 128GB storage $119 USD WhatsApp +263783450793 ---------- itel A50 now available on Pindula at $84 64GB storage, 2GB RAM. _ideal for light usage_ _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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