If there are no consequences for the mismanagement of procurement policy, among other things, the application of the turnaround strategy at any company will be rendered useless, the Chairperson of the Select Committee on Communications and Public Enterprises, Ms Ellen Prins, told the Deputy Minister of Public Enterprises, Mr Bulelani Magwanishe.
Mr Magwanishe and the senior officials of the department appeared before the Select Committee on Communications and Public Enterprises to explain to the Committee, among other things, the department's oversight responsibilities over state-owned companies, especially on corporate governance, board appointments, remuneration of executives, risk and audit committees.
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