Zimbabwe: Code of Corporate Governance Crafted

Government and the private sector have finished crafting the National Code of Corporate Governance to provide a holistic solution to corporate failure and poor corporate governance. The code is the first of its kind in Zimbabwe and President Mugabe is expected to launch it soon. Among other key issues, the code critically evaluates issues of corruption in the public and private sectors, corporate disclosure, communication and mechanisms for creating trust between shareholders, boards, management and employees.

In a letter dated May 16, 2014 and addressed to all Cabinet ministers and heads of ministries, Chief Secretary to the President and Cabinet Dr Misheck Sibanda said the code would complement Government efforts in bringing sanity to the public sector and local authorities.

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