NO FIGHTING: Chairperson of the Public Enterprises CEO Forum, Fluksman Samuehl.
NO FIGHTING: Chairperson of the Public Enterprises CEO Forum, Fluksman Samuehl.

CEO Forum concerned about corporate infighting

Induction training a way forward
Public Enterprises CEOs Forum chairperson Fluksman Samuehl says infighting threatens the sustainability of state-owned enterprises. 
Ogone Tlhage
Chairperson of the Public Enterprises CEOs Forum, Fluksman Samuehl, has expressed worry at incidences of infighting that occur when boards of state-owned enterprises (SOEs) and the executive committees of these institutions do not see eye-to-eye.

Such incidences, Samuehl said, threaten the sustainability of SOEs and affect all Namibians.

Samuehl made the comments during an interview with Namibian Sun last week.

“The forum has identified the poor working relationship between management and boards as the biggest threat for stability, and I think that conversation about tackling that problem, together with government, because the government cannot be left out of this conversation because they are the ones who appoint the board of directors. We need to have this exercise to see what is the best model,” Samuehl said.

Talk to each other

It is not a desirable situation if SOE boards and the CEOs that manage these entities do not get along, he said. The forum would also initiate a conversation to address situations where boards and the executive committees of SOEs could sit around the table and address an impasse where it arose.

“It cannot be that the CEO and board chairperson cannot see eye-to-eye; if they do that, there is this statement that if the elephants fight, the grass suffers, and the brand image also suffers, so that has to stop, and the forum is going to initiate this discussion to prevent these kinds of incidences,” he said.

Training crucial

According to Samuehl, it is incumbent on government to provide induction training to ensure that individuals appointed to SOE boards are properly acquainted with the environment SOEs exist in.

“I think there is room when boards are appointed, that the state or shareholder should really do inductions to help members understand what their responsibilities are, and corporate governance dictates that board members are there to provide strategic direction to support the executive committee,” he said.

“I think there are pockets of problems in SOEs, which is unfortunate because management and the boards should be able to work together to further the objectives of SOEs; they should not work against each other,” he added.

The forum provided a platform for CEOs of SOEs to discuss and share ideas around good corporate governance practices, Samuehl explained.

“We do interact, and the forum encourages SOE CEOs to do their level best and to ensure governance is adhered to,” he said.

The forum was established in 2017 and seeks to promote, develop and encourage cooperation between SOEs in order to promote uniformity, appreciation, establish business value-adding building blocks for each SOE, and advance the social and economic development of Namibia, according to its website.

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Namibian Sun 2023-12-02

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Premier League: Forest 0 vs 1 Everton | Burnley 5 vs 0 Sheffield United | Brentford 3 vs 1 Luton Town LaLiga: Real Madrid 2 vs 0 Granada | Athletic Club 4 vs 0 Rayo Vallecano | Girona 2 vs 1 Valencia | Las Palmas 2 vs 0 Getafe | Mallorca 1 vs 1 Cadiz SerieA: AC Milan 3 vs 1 Frosinone | SS Lazio 1 vs 0 Cagliari | Genoa 1 vs 1 Empoli | Monza 1 vs 2 Juventus European Championships Qualifying: Swansea City 1 vs 1 Huddersfield Town | Southampton 2 vs 0 Cardiff City | Plymouth Argyle 2 vs 1 Stoke City | Millwall FC 1 vs 1 Sunderland | Sheffield Wednesday 3 vs 1 Blackburn Rovers | Hull City 1 vs 2 Watford | Leeds United 3 vs 2 Middlesbrough | Ipswich Town 2 vs 1 Coventry City | Birmingham City 0 vs 0 Rotherham United | West Bromwich Albion 1 vs 2 Leicester City | Preston North End 0 vs 2 Queens Park Rangers | Ipswich Town 3 vs 1 Millwall FC | Sunderland 1 vs 2 Huddersfield Town | Southampton 1 vs 0 Bristol City | Blackburn Rovers 4 vs 2 Birmingham City | Sheffield Wednesday 1 vs 1 Leicester City | Leeds United 3 vs 1 Swansea City English Championship: Swansea City 1 vs 1 Huddersfield Town | Southampton 2 vs 0 Cardiff City | Plymouth Argyle 2 vs 1 Stoke City | Millwall FC 1 vs 1 Sunderland | Sheffield Wednesday 3 vs 1 Blackburn Rovers | Hull City 1 vs 2 Watford | Leeds United 3 vs 2 Middlesbrough | Ipswich Town 2 vs 1 Coventry City | Birmingham City 0 vs 0 Rotherham United | West Bromwich Albion 1 vs 2 Leicester City | Preston North End 0 vs 2 Queens Park Rangers | Ipswich Town 3 vs 1 Millwall FC | Sunderland 1 vs 2 Huddersfield Town | Southampton 1 vs 0 Bristol City | Blackburn Rovers 4 vs 2 Birmingham City | Sheffield Wednesday 1 vs 1 Leicester City | Leeds United 3 vs 1 Swansea City Katima Mulilo: 22° | 38° Rundu: 21° | 36° Eenhana: 21° | 32° Oshakati: 24° | 30° Ruacana: 20° | 31° Tsumeb: 22° | 33° Otjiwarongo: 18° | 30° Omaruru: 22° | 32° Windhoek: 19° | 28° Gobabis: 21° | 32° Henties Bay: 16° | 20° Wind speed: 20km/h, Wind direction: S, Low tide: 12:19, High tide: 06:27, Low Tide: 00:26, High tide: 18:32 Swakopmund: 16° | 18° Wind speed: 25km/h, Wind direction: SW, Low tide: 12:17, High tide: 06:25, Low Tide: 00:24, High tide: 18:30 Walvis Bay: 16° | 22° Wind speed: 28km/h, Wind direction: SW, Low tide: 12:17, High tide: 06:24, Low Tide: 00:24, High tide: 18:29 Rehoboth: 20° | 28° Mariental: 23° | 31° Keetmanshoop: 19° | 35° Aranos: 24° | 30° Lüderitz: 17° | 29° Ariamsvlei: 20° | 34° Oranjemund: 14° | 22° Luanda: 26° | 27° Gaborone: 19° | 37° Lubumbashi: 17° | 20° Mbabane: 13° | 30° Maseru: 17° | 33° Antananarivo: 16° | 27° Lilongwe: 19° | 32° Maputo: 19° | 32° Windhoek: 19° | 28° Cape Town: 17° | 22° Durban: 19° | 29° Johannesburg: 20° | 33° Dar es Salaam: 26° | 31° Lusaka: 19° | 33° Harare: 17° | 32° Currency: GBP to NAD 23.62 | EUR to NAD 20.25 | CNY to NAD 2.61 | USD to NAD 18.62 | DZD to NAD 0.14 | AOA to NAD 0.02 | BWP to NAD 1.33 | EGP to NAD 0.59 | KES to NAD 0.12 | NGN to NAD 0.02 | ZMW to NAD 0.77 | ZWL to NAD 0.04 | BRL to NAD 3.81 | RUB to NAD 0.2 | INR to NAD 0.22 | USD to DZD 134.22 | USD to AOA 827.79 | USD to BWP 13.56 | USD to EGP 30.85 | USD to KES 153.08 | USD to NGN 788 | USD to ZAR 18.63 | USD to ZMW 23.82 | USD to ZWL 321 | Stock Exchange: JSE All Share Index 75705.88 Up +0.23% | Namibian Stock Exchange (NSX) Overall Index 1630.14 Up +0.81% | Casablanca Stock Exchange (CSE) MASI 11748.19 Down -0.28% | Egyptian Exchange (EGX) 30 Index 24735.39 Down -0.1% | Botswana Stock Exchange (BSE) DCI 8879.08 Same 0 | NSX: MTC 7.51 SAME | Anirep 8.99 SAME | Capricorn Investment group 17 SAME | FirstRand Namibia Ltd 49 DOWN 2.00% | Letshego Holdings (Namibia) Ltd 3.91 UP 0.30% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.97 SAME | Nictus Holdings - Nam 2.2 SAME | Oryx Properties Ltd 12.48 SAME | Paratus Namibia Holdings 12 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.5 SAME | B2Gold Corporation 63.66 UP 0.80% | Local Index closed 675.32 DOWN 0.41% | Overall Index closed 1631.36 UP 2.13% | Osino Resources Corp 17.1 UP 2.52% | Commodities: Gold US$ 2 071.88/OZ UP +1.56% | Copper US$ 3.87/lb UP +1.66% | Zinc US$ 2 537.50/T DOWN -0.3% | Brent Crude Oil US$ 79.29/BBP DOWN -1.58% | Platinum US$ 936.41/OZ UP +0.50% Sport results: Premier League: Forest 0 vs 1 Everton | Burnley 5 vs 0 Sheffield United | Brentford 3 vs 1 Luton Town LaLiga: Real Madrid 2 vs 0 Granada | Athletic Club 4 vs 0 Rayo Vallecano | Girona 2 vs 1 Valencia | Las Palmas 2 vs 0 Getafe | Mallorca 1 vs 1 Cadiz SerieA: AC Milan 3 vs 1 Frosinone | SS Lazio 1 vs 0 Cagliari | Genoa 1 vs 1 Empoli | Monza 1 vs 2 Juventus European Championships Qualifying: Swansea City 1 vs 1 Huddersfield Town | Southampton 2 vs 0 Cardiff City | Plymouth Argyle 2 vs 1 Stoke City | Millwall FC 1 vs 1 Sunderland | Sheffield Wednesday 3 vs 1 Blackburn Rovers | Hull City 1 vs 2 Watford | Leeds United 3 vs 2 Middlesbrough | Ipswich Town 2 vs 1 Coventry City | Birmingham City 0 vs 0 Rotherham United | West Bromwich Albion 1 vs 2 Leicester City | Preston North End 0 vs 2 Queens Park Rangers | Ipswich Town 3 vs 1 Millwall FC | Sunderland 1 vs 2 Huddersfield Town | Southampton 1 vs 0 Bristol City | Blackburn Rovers 4 vs 2 Birmingham City | Sheffield Wednesday 1 vs 1 Leicester City | Leeds United 3 vs 1 Swansea City English Championship: Swansea City 1 vs 1 Huddersfield Town | Southampton 2 vs 0 Cardiff City | Plymouth Argyle 2 vs 1 Stoke City | Millwall FC 1 vs 1 Sunderland | Sheffield Wednesday 3 vs 1 Blackburn Rovers | Hull City 1 vs 2 Watford | Leeds United 3 vs 2 Middlesbrough | Ipswich Town 2 vs 1 Coventry City | Birmingham City 0 vs 0 Rotherham United | West Bromwich Albion 1 vs 2 Leicester City | Preston North End 0 vs 2 Queens Park Rangers | Ipswich Town 3 vs 1 Millwall FC | Sunderland 1 vs 2 Huddersfield Town | Southampton 1 vs 0 Bristol City | Blackburn Rovers 4 vs 2 Birmingham City | Sheffield Wednesday 1 vs 1 Leicester City | Leeds United 3 vs 1 Swansea City Weather: Katima Mulilo: 22° | 38° Rundu: 21° | 36° Eenhana: 21° | 32° Oshakati: 24° | 30° Ruacana: 20° | 31° Tsumeb: 22° | 33° Otjiwarongo: 18° | 30° Omaruru: 22° | 32° Windhoek: 19° | 28° Gobabis: 21° | 32° Henties Bay: 16° | 20° Wind speed: 20km/h, Wind direction: S, Low tide: 12:19, High tide: 06:27, Low Tide: 00:26, High tide: 18:32 Swakopmund: 16° | 18° Wind speed: 25km/h, Wind direction: SW, Low tide: 12:17, High tide: 06:25, Low Tide: 00:24, High tide: 18:30 Walvis Bay: 16° | 22° Wind speed: 28km/h, Wind direction: SW, Low tide: 12:17, High tide: 06:24, Low Tide: 00:24, High tide: 18:29 Rehoboth: 20° | 28° Mariental: 23° | 31° Keetmanshoop: 19° | 35° Aranos: 24° | 30° Lüderitz: 17° | 29° Ariamsvlei: 20° | 34° Oranjemund: 14° | 22° Luanda: 26° | 27° Gaborone: 19° | 37° Lubumbashi: 17° | 20° Mbabane: 13° | 30° Maseru: 17° | 33° Antananarivo: 16° | 27° Lilongwe: 19° | 32° Maputo: 19° | 32° Windhoek: 19° | 28° Cape Town: 17° | 22° Durban: 19° | 29° Johannesburg: 20° | 33° Dar es Salaam: 26° | 31° Lusaka: 19° | 33° Harare: 17° | 32° Economic Indicators: Currency: GBP to NAD 23.62 | EUR to NAD 20.25 | CNY to NAD 2.61 | USD to NAD 18.62 | DZD to NAD 0.14 | AOA to NAD 0.02 | BWP to NAD 1.33 | EGP to NAD 0.59 | KES to NAD 0.12 | NGN to NAD 0.02 | ZMW to NAD 0.77 | ZWL to NAD 0.04 | BRL to NAD 3.81 | RUB to NAD 0.2 | INR to NAD 0.22 | USD to DZD 134.22 | USD to AOA 827.79 | USD to BWP 13.56 | USD to EGP 30.85 | USD to KES 153.08 | USD to NGN 788 | USD to ZAR 18.63 | USD to ZMW 23.82 | USD to ZWL 321 | Stock Exchange: JSE All Share Index 75705.88 Up +0.23% | Namibian Stock Exchange (NSX) Overall Index 1630.14 Up +0.81% | Casablanca Stock Exchange (CSE) MASI 11748.19 Down -0.28% | Egyptian Exchange (EGX) 30 Index 24735.39 Down -0.1% | Botswana Stock Exchange (BSE) DCI 8879.08 Same 0 | NSX: MTC 7.51 SAME | Anirep 8.99 SAME | Capricorn Investment group 17 SAME | FirstRand Namibia Ltd 49 DOWN 2.00% | Letshego Holdings (Namibia) Ltd 3.91 UP 0.30% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.97 SAME | Nictus Holdings - Nam 2.2 SAME | Oryx Properties Ltd 12.48 SAME | Paratus Namibia Holdings 12 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.5 SAME | B2Gold Corporation 63.66 UP 0.80% | Local Index closed 675.32 DOWN 0.41% | Overall Index closed 1631.36 UP 2.13% | Osino Resources Corp 17.1 UP 2.52% | Commodities: Gold US$ 2 071.88/OZ UP +1.56% | Copper US$ 3.87/lb UP +1.66% | Zinc US$ 2 537.50/T DOWN -0.3% | Brent Crude Oil US$ 79.29/BBP DOWN -1.58% | Platinum US$ 936.41/OZ UP +0.50%