After
the objectives have been clearly defined, government should proceed to the next
stage of selecting competent persons to serve on boards. Emphasis should be on
their general capacity. They should be equally demonstrated their knowledge of,
and interest in, their parastatals line of business.
For instance, parastatal responsible for costs and telecommunication ought to have on their board’s persons with adequate knowledge of modern telecommunications technology. Above all the renewal of the appointment of any board member whose term has expired and indeed, the life of the entries board should be determined by the performance of the enterprises assigned to them.
For instance, parastatal responsible for costs and telecommunication ought to have on their board’s persons with adequate knowledge of modern telecommunications technology. Above all the renewal of the appointment of any board member whose term has expired and indeed, the life of the entries board should be determined by the performance of the enterprises assigned to them.
SELECTION
OF TOP MANAGEMENT TEAMS
Recruitments
of the right candidates for the top managerial and professional positions, the
education, training, work experience, career history, aptitude and motivation
of such person are crucial to the
success of the enterprises.
Also important is their feelings of “managerial efficacy or what is ordinary language passes for “self confidence parastatals certainly do not need arrogant chief executive who rub off on people the wrong way or neither do they need the service of individual who keep running to the “patient” ministry for every little decision.
In order to motivate above average performance, governments need to consider the possibility of contractual appointments for the position of chief executives of parastatals
Also important is their feelings of “managerial efficacy or what is ordinary language passes for “self confidence parastatals certainly do not need arrogant chief executive who rub off on people the wrong way or neither do they need the service of individual who keep running to the “patient” ministry for every little decision.
In order to motivate above average performance, governments need to consider the possibility of contractual appointments for the position of chief executives of parastatals
INSTALLATION OF
SOUND, RESULTS ORIENTED MANAGEMENT SYSTEM
Parastatals
should be encouraged (in fact required) to install a system of self-control and
result oriented management. Decision on recruitment, training, postings,
promotions, discipline and other personnel processes should be purposive or result oriented. So should
investment, production, marketing, procurement and operation decisions. It goes
without saying that the accounting and financial reporting system should in
turn be designed to maximize the gains from internal self-control.
FINANCIAL
CONTROL AND ACCOUNTING
In-installing
result oriented management system; public
enterprises should revamp their financial and accounting systems. The
following areas should receive their urgent attention.
Credit
control
–parastatals should ensure that the amount owed by their debtors are recalled
in good times to forestall liquidity crises,
Record
keeping and inventory control: this is a vital frequently neglected area:
unless the system of documentation is efficient, parastatals cannot rule out
the danger of theft, misappropriation and mishandling of fixed assets and
stocks.
Tendering
procedures government must work with parastatals to devise effective tendering
procedures and ensure that the procedures are adhered to by all sundry.
REFERENCE
Management
of Public Enterprises, Proceedings of the Twelve Inter-African Public Administration and
Management Seminar, AAPAM and Federal ministry of
information, Lagos, 1974
ALIEL
Mir, “Government Control over Public Enterprises Current and Relevant Forms” Public
Enterprises, Vol 2, no,1982
Ezeani,
“Fundamental of Public Administration; Revised Edition 20065
Okpata
F.O “Public Administration Theory and Practices An Integrated Approached, Enugu, Cheston
Ltd 2004
R.
Cyert and J.G march “A Behavioural Theory of the Firm, Englewood Cliffs, N.J Prentice Hall, Inc
1963
W.N
Wamalwa “Managerial Autonomy and Accountability in Public Enterprise.