State Owned Enterprises Benefit from NCP Training on Corporate Good Governance

By Foday Moriba Conteh

A One-day Corporate Good Governance training for State Owned Enterprises (SOEs) on the theme: “Enhancing the Effectiveness of Your Board’s Performance” was conducted by the National Commission for Privatization in collaboration with Charterhouse Corporate Services on the 1st July 2021 at the New Brookfields hotel in Freetown:

Manager of Charterhouse Corporate Services, Peter Taplima Mansaray, in his opening address highlighted the relevance of the training saying it entails narrowing the gap between Board and Management to establish a conducive working atmosphere.

While delivering the keynote address on the theme Enhancing  The Effectiveness of Your Board’s Performance, Mustapha Sannoh stressed the importance of having such a training as it would help to clearly define the specific roles of Board and Management without any conflict of interest.

He added that in order for any institution to achieve its mandate, the Board and Management of that institution must work in consonance without having any line of demarcation.

He went on to dilate on the specific roles and responsibilities of Board and Management and encouraged both parties to ensure that they coordinate better for the good of their respective organisations.

During a PowerPoint presentation on Corporate Good Governance, the Manager of Charterhouse Corporate Services, Taplima Mansaray, underscored the importance of segregating the roles between Management and Board members to avoid having a toxic environment, adding that “as a director, one can positively or negatively influence your institution by your leadership style”.

He outlined that the purpose of good governance is to ensure efficiency with the aim of achieving Government objectives.

The session was brought to a close with group discussions and presentation of certificates.

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