Shareholder Performance Agreements
The Ministry of Finance and Development Planning (MFDP) will hold a ceremony where Hon. Matambo and seven (7) Chairpersons of Board of Directors of Parastatals reporting under the MFDP will be signing Shareholder Compacts (Shareholder Performance Agreements) on Tuesday 15 September 2015 at the Ministry Headquarters Conference room 3-01 Link Block 2nd Floor at 1430 hrs.
The said parastatals reporting under the Ministry are Public Enterprises Evaluation and Privatization Agency (PEEPA);Public Procurement and Asset Disposal Board (PPADB); Botswana Accountancy Oversight Authority (BAOA); Botswana Unified Revenue Service (BURS); Botswana Institute of Chartered Accountants (BICA), Motor Vehicle Accident Fund (MVA) and Non-Bank Financial Institutions Regulatory Authority (NBFIRA).
A Shareholder Compact is a performance agreement designed to enhance Shareholder oversight and governance through an effective relationship between the Shareholder and Board of a Parastatal. The Shareholder Compact, therefore, defines the executive role of the Shareholder over the Board and Parastatal and also informs the Board of the Shareholder’s objectives and expectations with regard to deliverables.