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Corruption remains Zim's major hurdle: Mhonderwa


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. ....

Ethics Institute Zimbabwe , National Code On Corporate Governance , Zimbabwe Stock Exchange , Zimbabwe Independent , Taurai Mangudhla , Bradwell Mhonderwa , National Code , Corporate Governance , Public Entities Corporate Governance Act , Reserve Bank , Companies Act , ஸிஂபாப்வே ஸ்டாக் பரிமாற்றம் , ஸிஂபாப்வே சுயாதீனமான , தேசிய குறியீடு , பெருநிறுவன ஆளுகை , பொது நிறுவனங்கள் பெருநிறுவன ஆளுகை நாடகம் , இருப்பு வங்கி , நிறுவனங்கள் நாடகம் ,

Court reinstates NetOne CEO Muchenje


Lazarus Muchenje
HIGH Court judge Justice Webster Chinamhora has reinstated Lazarus Muchenje as the chief executive officer for telecommunications company NetOne.
Muchenje was dismissed on three months’ notice in July last year, but then made an urgent chamber application at the High Court challenging his dismissal and an interim order was granted in his favour suspending the letter of termination.
NetOne tried on 21 December 2021 to fire Muchenje on the same basis, using common law or Notice of Termination according to the Labor Act.
In his ruling, Justice Chinamhora said he had come to the conclusion that there was no inconsistency between the Labour Act and the Public Entities Corporate Governance Act within the contemplation of section 2A (3) of the Labour Act. ....

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Lazarus Moment For Muchenje As He Is Reinstated NetOne Boss


HIGH COURT judge Webster Chinamhora has reinstated Lazarus Muchenje as NetOne Cellular (Private) Limited CEO.
This becomes the third time reinstatement by the court for Muchenje who has been involved in a bruising fight with his employer’s board for some time now.
Chinamhora also slapped the telecommunications giant with costs of suit including the board members who were the respondents in the case.
Muchenje rushed to court early this year after he was dismissed on three months’ notice.
He challenged the legality of the letter of termination served on him by the board.
In his ruling, Justice Webster Chinamhora said there was no basis to rely on common law over the matter. ....

Mashonaland Central , Susan Mutangadura , Mary Taruvinga , Justice Webster Chinamhora , Winston Makamure , Beulla Chirume , M Rangarirai Mavhunga , Douglas Mamvura , Winstone Makamure , Etsher Muremba , Webster Chinamhora , Lazarus Muchenje As Netone Cellular Private Limited , Netone Cellular Private , High Court , Spread This , Lazarus Muchenje , Netone Cellular , Public Entities Corporate Governance Act , Labour Act , மஷோனலண்ட் மைய , உயர் நீதிமன்றம் , பரவுதல் இது , பொது நிறுவனங்கள் பெருநிறுவன ஆளுகை நாடகம் , தொழிலாளர் நாடகம் ,