Former Prime Minister Bruce Golding handing over the report of the finding and recommendations relating to Jamaica and its relationship with Caricom to current Prime Minister Andrew Holness at Jamaica House on Thursday.
The report was concluded after interviews with several former Prime Ministers and current ones from within the region, along with other interested persons from institutions such as Trade Unions and senior members of political parties and input from the general public were received over the internet.
Golding hands over Caricom report
March 31, 2017 by
Executive chairmen are dangerous
Mr. Golding has some major assets and may well be able to make his wealth of knowledge in government and in is personal business contribute in a significant way to the fortunes of the Housing Trust.
If news item is correct, the decision would not a good one and it is not based on competence. Good corporate practise suggests that executive responsibilities should never be merged with that of head of the board. There are a number of good reasons for this separation. There must always be someone to appeal to when things may not be going well in aspects of the business. When someone has a problem with the top executive, to whom does he or she appeal?
Separation is even more critical when it comes to governmental appointments, where many of the board members are political appointments with party interest being placed ahead of the national interest, as such boards are often just another arm of the party. The developments re Outameni operation that was acquired by the NHT is one such case in point that when executives or chairmen have too much power how that it can be inimical to the interest of an organisation..
One hopes that the new report is not true as it would be a really terrible move by the new Prime Minister.