Zim Morning Post has reported that the entire NetOne board is likely to be fired after a Proserve Consultancy evaluation on individual board members concluded that they were all incompetent.
The Consultancy conducted a series of audits which revealed massive financial misdeeds and a negative performance appraisal exercise on the board.
The report observed that the retired chairperson, James Mutizwa, was not well versed with how the board operated, including knowledge of the laws that govern it. Part of the report read:
With all due respect, the chairman did not seem to be clear on the role of the modern-day board and governance principles that guide the board in its activities.
He appeared to still have the view of the ceremonial board that does not do much beyond “meeting” and having conversations with shareholders. The role of the board in guiding strategy appeared to be totally lost to him.
The report also claimed that the rest of the board was dysfunctional and employed obsolete governing techniques which were “not appropriate for today’s fast-paced environment.”
The NetOne saga started after Auditor-General, Mildred Chiri, produced a report which exposed NetOne chief executive, Lazarus Muchenje’s questionable performance and poor understanding of the law.
More: Zim Morning Post