In an attempt to introspect the efficiency and effectiveness in the regulation of the Mining Sector, the Ministry has identified a need to empower the Directors nominated to represent the Government in the Boards of various commercial mining companies. The Ministry, therefore, conducted an induction session for the Directors at the Ministry's Boardroom on 29 August, 2018 where they were equipped with necessary knowledge and tools to execute their duties and responsibilities as Members of the Boards.
When welcoming the Directors, the Principal Secretary, Honorable Ntahli Matete, strongly stressed his discomfort to discover that the Directors were operating in silos while they are expected to be singing one song with rhyming lyrics on their duties. “It is high time that we reconnect and try to standardize our mode of operation, such as our reporting frequency, and how we get feedback from your side on issues demanding our urgent attention," said Honorable Matete. Most importantly, "creating an internal communication strategy that will enable a simplified means of quicker communication among us without any hindrances can help quite a lot," reiterates the Principal Secretary while opening the floor for everyone to share their views.
In his words of appreciation and on behalf of the rest of other Minining Directors, one Director acknowledged the Ministry's gesture of bringing them on board as they might have experienced different challenges, and had to face them all by themselves. "We were feeling neglected and lost without our mother Ministry's support," said the Director. Adding that they cannot wait to hear where their jurisdiction starts and ends.
When getting to the core business of the day, the Chief Legal Officer, Ms. Mathealea Lerotholi, told them that, the terms of reference are prepared to assist the Government directors in clarifying responsibilities and ensuring effective communication between the Directors and Shareholder.
Adding that, in order to ensure that the Government is represented in the Mining companies' Boards”, at least one director nominated by the Government shall be present for a quorum to be constituted said Ms. Lerotholi.
On top of all that, the Directors have responsibilities and duties which they are expected to perform, and amongst them, she highlighted the participation in every board sitting; Ensuring
implementation of government's interests, integrity of the Company's internal controls, and management information systems and that they are dealt in
accordance with the law.
She also said ensuring compliance with mining leases, all major corporate policies and procedures that govern the Mining companies' operations; Ensuring timely reporting of any other developments that have a significant and material effect on the companies Mining Lease agreements and the applicable
laws.
She further said based on their clear mandate as presented, the Directors discovered that they need to up their game in order to perform to expectation. However, there were certain areas that appeared as matters concerned which they have deemed critical and worth shedding light with their Ministry leadership.
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