Accra: Professor Albert Puni, a management scholar, has emphasized the need for merit-based processes in appointing board members and CEOs of state-owned enterprises (SOEs) to improve efficiency. Delivering an inaugural lecture at the University of Professional Studies, he highlighted the importance of the State Interest and Governance Authority (SIGA) developing a vetted pool of directors and CEOs based on character, commitment, and competence.
According to Ghana News Agency, Prof. Puni suggested that successful applicants should be shortlisted and recommended to the President for appointment. He criticized the current appointment system as rushed and flawed, arguing that selections were often based on political loyalty rather than merit. He stressed that commitment to party should not overshadow the importance of character and competency, especially in light of recent corruption issues.
Prof. Puni referenced Sections 14 and 15 of the Presidential (Transition) Act, 2012 (Act 845), which empower the President to appoint CEOs and board members of SOEs and other public institutions. He cited a 2019 Supreme Court ruling that stated boards may be dissolved during a transition, but CEOs cannot be removed solely due to a change in administration unless for just cause or under contractual terms. He noted that successive governments had violated this ruling by terminating appointments immediately after taking office, leading to weak board structures and poor financial performance.
Prof. Puni recommended involving boards in the appointment of CEOs to enhance oversight and accountability. He called for depoliticizing the selection process and adopting a system based on merit, taking into consideration the character and competence of individuals.
