25 newly appointed board of directors at various public enterprises underwent a
two day induction programme to orient them on key principles of corporate
governance which include fiduciary duties of the boards, how to run board
meeting effectively, and how to steer public enterprises strategies.
The induction training programme provided by NIPAM, took place on 29 – 30 October 2018.
Speaking at the official closing ceremony, Deputy Minister of Public Enterprises Hon. Veikko Nekundi said, the shareholders are expecting boards to comply with the requirements stipulated by the Public Enterprises Governance Act, (PEGA), Act of 2006 and the draft PEGA Bill of 2018.
Hon. Nekundi alerted participants that poor board performance or non-compliance of boards will not be tolerated and boards found not to be complying will be held accountable as per company act and related legislations. Individual board evaluation will start in 2019 which will also include 360 degree evaluation processes since the board evaluation guidelines has been drafted and will be submitted to Cabinet for approval.
Namibia Institute of Public Administration and Management (NIPAM), Executive Director, Ms. Maria Ndatiwelao Nangolo, said, NIPAM is a service provider of choice for industry-based professionals and executives. “As an institution we have placed high esteem and value to the development and mentorship of institutional board of directors and chief executive officers because of their key role in providing leadership and accountability that determines the success of institutions. Our director development offerings contribute to the development of better directors, and ultimately, better boards. The enhanced leadership and direction in turn delivered by these well-equipped boards will, we believe, yield better business results”.
Ms. Nangolo underscored that NIPAM’s offerings are aligned with the industry capacity needs, and therefore continuously striving to deliver relevant interventions – trainings, assessments and certifications that equip directors with the necessary knowledge and insights required to fulfil their duties and to appreciate the importance of good governance.
The two days induction training programme covered areas of expectations from the shareholders including relationships between board and shareholders, presentations on the 2018 public enterprises governance bill currently being debated in the national assembly, and presentation on the board recruitment guidelines to ensure that competent boards are appointed through a transparent process.
Other key focus areas presented were; corporate governance principles in line with king IV and Nam code, role of board committees, how to develop public enterprises corporate strategies, leadership roles of the boards and aspects of culture and ethics.
Transforming the Namibian Public Sector into a developmental and entrepreneurial system.
Welcome To NIPAM
The unprecedented growth that Namibia experienced since Independence has introduced new challenges. These include bottlenecks to transform the country into a knowledge based economy as highlighted by the National Development Plan III. In this regard, the biggest challenge involves the country’s skills base.
As a result, the Namibia Institute of Public Administration and Management (NIPAM) was established by an Act of Parliament, the NIPAM Act 2010 (Act 10 of 2010), and was officially inaugurated on 25 February 2011 by His Excellency Hifikepunye Pohamba, the former President of the Republic of Namibia.
The purpose of NIPAM is to transform the public service in Namibia through improving management, leadership and professional competencies. It also aims to foster a climate of purpose, values and professional traditions amongst public sector employees.
- The exchange of working study visits to share experiences and ideas;
- The organisation of customised capacity building programmes in the area of public governance and leadership, public administration, and public service development for public officials of the Republic of Namibia;
- The organisation of joint courses, workshops, forums, seminars in the area of interest to both Parties;
- Joint participation in research activities of common interest in the field of public administration;
- Exchange best practices in the area of training and development in the public service; and
- Any other exchanges and cooperative activities that may be jointly decided in writing upon by the parties.
We are pleased to announce that NIPAM is committed to this agreement between the two parties paving way for mutual exchange and cooperation in the area of capacity building of public officials. Working together will award both parties an opportunity to sharing of experiences, best practices and knowledge in the area of training and capacity building of public servants”.
The Higher Commissioner of India, H.E Kumar Tuhin signed the MoU on behalf of LBSNAA.