New Fishcor board faces corruption stench
10 July 2020 | Local News
Public enterprises minister Leon Jooste says he is confident the newly appointed board of the National Fishing Corporation of Namibia (Fishcor) will be able to rid the entity of the stench of corruption it is immersed in.
Jooste announced the corporation's new board, which consists of Social Security Commission of Namibia CEO Milka Mungunda, lawyer Ruth Herunga, former Namibia Competition Commission CEO Mihe Gaomab II and University of Namibia (Unam) academic Penny Hiwilepo van Hal.
They replace the former board, which included former CEO James Hatuikulipi who is awaiting trial for his alleged involvement in money laundering.
The other outgoing board members are Unam academic Bennet Kangumu, former Ohangwena governor Usko Nghaamwa, former governor of the Kavango West Region Sirkka Ausiku, executive director in the fisheries ministry Moses Maurihungirire and Ndaendomwenyo Sheya.
Salvage the situation
Outlining the functions of the new board, Jooste said they were tasked to salvage the situation at the disgraced entity. “They need to ensure that capable management of the entity are in place and that the challenges they are facing are being addressed.
“I have no reason to doubt the ability of the board members to address the challenges and I will complement their skillset by appointing additional temporary board members if required,” the minister said.
Jooste said although this was a temporary board, it would operate in the same manner as a full-term board.
“The temporary board has the same authority a substantive board would have. They have been requested to stabilise the commercial and operational matters in Fishcor and the various subsidiaries and also to remedy the various governance-related challenges.” When asked what the rationale was behind the composition of the board, Jooste said the Public Enterprises Act empowered him to appoint a temporary board.
“Section 10 of the Public Enterprises Governance Act makes provision for the appointment of temporary board members when the offices of all the members of the board become vacant,” Jooste explained.
“A company cannot function without a board of directors and it has become urgent to fill the governance vacuum that existed,” he said after the term of the former board had ended.