Corruption remains Zim’s major hurdle: Mhonderwa
BY TAURAI MANGUDHLA
INVESTORS’ interests have perennially suffered at the hands of corrupt executives and board members who engage in fraudulent activities.
Zimbabwe Independent chief business writer Taurai Mangudhla (TM) speaks to corporate governance expert Bradwell Mhonderwa (BM) on the country’s corporate governance landscape and how it affects both the private and public sectors. Below are excerpts:
TM:
As a corporate governance expert, what is your assessment of Zimbabwean corporates’ reporting standards in terms of disclosures in general?
BM: In Zimbabwe, like is the case the world over, the corporate sector has its own local reporting standards as set out in the National Code on Corporate Governance (ZIMCODE) for private entities, and the Public Entities Corporate Governance Act (Chapter 10:31) for state enterprises and parastatals.