1. Paying Legislators Salaries instead of Allowances: I often wonder if corporate governance statutes will even allow non-executive directors earn monthly salaries? That will be totally at variance with corporate governance standards, wouldn’t it? So why do we pay our Legislators Salaries instead of Sitting Allowances? Why do we have a National Assembly Service Commission different from the Civil Service Commission?
2. Voting Money for Const…ituency Projects under the Management of Legislators: The constituency project issue is also another interesting issue. I can’t imagine a non-executive director having a dedicated budget from which he is able to implement projects meant to be done by executive directors. So who will exercise the oversight?
3. Having no Standards on Which Ministers Are Judged: Although the Federal Government claims there is a performance measurement standard for its Ministers, but I really cannot see it in practice except at press conferences where bogus achievements are unveiled by each ministry without a verification process and a peer-review mechanism as it happens in best practice business environments. In a Company, Directors are given targets that are measurable and Appraisals are conducted periodically and scores are given and based on performance appraisals, Directors are either rewarded, lose bonuses or are asked to exit based on performance, isn’t it? So why will you have a Minister who is basically playing politics, missing critical targets and getting rewarded from tax-payers money?
Though I accept that government must keep its social basis, it must yet apply basic business principles in order to deliver tangible results.
bolajiokusaga 