Executive chairmen are dangerous

BruceDisturbing news is coming from the Gleaner this morning and it is not the terrible bombing in Brussels. The concern flows from a report that former Prime Minister Bruce Golding is slated to be appointed executive chairman of the National Housing Trust.
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.

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