Board Effectiveness in Namibia's State Owned Enterprise

Professorial Dissertation from the year 2022 in the subject Politics - Region: Africa, grade: A, University of Namibia , course: Masters in Finance, language: English, abstract: The main objective of the discourse was to investigate board of directors effectiveness in commercial public enterprises in Namibia. Various corporate scandal and collapse in many countries has been attributed to board of directors ineffectiveness. The study used qualitative method as a research strategy. The research used primary data collected through a qualitative, exploratory, and descriptive approach, by conducting a series of detailed semi-structured interviews with participants from two purposive selected commercial public enterprises made up of board of directors, managing director and company secretaries. The data was analysed using thematic context analysis. The voice records were transcribed from the interview scripts to the diverse codes. The transcription of the intuitive editor enhanced quick changes in formatted format. Coding was data driven. Namely, the researcher commenced out without codes and crafted them through the reading of the discourse. The study focused on skills, diversity, experience, corporate governance, compliance requirements and accountability to shareholder and stakeholder. This was complemented by a comprehensive review of relevant literature. The key findings indicates that board of directors effectiveness and factors that influence board of directors effectives exist within the board of selected commercial public enterprise. Participants point out the following factors that contribute to board being effective: Board of directors cohesion and sufficient time allocated to board issues. Diverse technical skills, good relation, support and cooperation from shareholder plus sufficient funding good governance and Operational effectiveness of management. It is recommended that Board of directors to limit serving in many boards and allocated sufficient time to board packs to be able to lead public enterprises effectively and efficiently. The survey recommends the digitisation strategy and algorithmic business thinking by directors of the two enterprises. Innovative thinking to promote sustainability such as the use of solar power and deployment of nuclear energy.