The Department is in the process of developing the Government Shareholder Management (GSM) Bill, the Regulations of which will incorporate the current tools and frameworks of the Department and provide a guideline for the recruitment and appointment of Chief Executives.
While it is appreciated that recognized qualifications both generic and specific can be set as a broad guide, the qualification requirements will be informed by the role to be performed by the potential candidate of each State Owned Company (SOC). As a result; the legislation will not include MBA as the only qualifying criteria for potential appointment for a senior management position.