ABSTRACT

The wide spectrum of instruments that have been put in place to improve board effectiveness in Zimbabwe is clear evidence that the country has recognised the crucial role played by boards of public entities in the promotion of good corporate governance and achievement of the entities' objectives. Zimbabwe can learn from Australia's centralised system (monitoring and advisory unit), which has assisted in minimising interference by the responsible ministries in the operations of public entities. Zimbabwe can learn from countries like Sweden and the UK where safeguards are in place to enhance independence, minimise political interference, and supervise public entities from an appropriate policy level. Zimbabwe may borrow from Australia's framework, which provides for a procedure wherein supplementary processes such as public advertising or executive searches are used. The corporate governance framework in Zimbabwe can only be effective if properly implemented and enforced. Having considered the enforcement challenges experienced by the country, a number of recommendations may be useful.