No. 4/2018
PUBuc EN'I1TIES CoRPORA.TE GovERNANCE
Cap. 10:31
( i)
good human-resource management and career-development practices. to
maximise human potential. must be cultivated;
(j)
public administration must be broadly representative of the diverse
communities of Zimbabwe;
(k)
employment, training and advancement practices must be based on Jnerit,
ability, objectivity.fairness, equality ofmen and women and the inclusion
ofpersons with disabilities;
and the State must take measures, including legislative measures. to promote these
values and principles.
(2) Appointments to offices in all tiers of government, including government
institutions and agencies and governmem-controlled entities and other public
enterprises, must be made primarily on the basis of merit.
AND WHEREAS section 195( 1) of the Constitution llk'1kes the following provision
for State-controlled commercial entities:
(I) Companies and other commercial entities owned or wholly controlled
by the State must, in addition ro complying with the principles set out in section
I94( I), conduct their operations so as to maintain commercial viability and abide
by generally accepted standards of good corporate governance.
AND WHEREAS section 197 of the Constitution permits an Act of Parliament to
limit the terms of office of chief executive officers or heads of government-controlled
entities and public enterprises;
AND WHEREAS section 198 of the Constitution requires an Act of Parliament
to provide measures for the enforcement of the above provisions, including measures
specifying the standards of good corporate governance to be observed by govemmentcontrolled entities and other conm1ercial entities owned or wholly controlled by the
State, and measures for the disciplining of persons who contravene those standards;
AND WHEREA. S section 316 of the Constitution requires an Act of Parliament to
provide for the competent and effective operation of statutory bodies and, in patticular,
to ensure that their chief executive officers serve for limited periods whose renewal is
dependent on the efficient performance of their duties:
NOW, THEREFORE, be it enacted by the Parliament and the President of
Zimbabwe as follows:PART I
PREUMINARY
1
Short title and date of commencement
(1) This Act may be cited as the Public Entities Corpomte Governance Act
[Chapter 10:31].
(2) This Act shall come into operation on a date to be fixed by the President
by statutory instrument.
2
Interpretation
(1) In thisAct-
''annual general meeting", in relation to a public entity, means au annual meeting
of the stakeholders of the entity referred to in section 33(3);
"associate", in relation to a person, has the meaning given to it by subsections
(5), (6) and (7);
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