The problem with our state boards
The long-awaited promise by the Prime Minister to review the appointments to state boards is overdue.
After taking almost a full year to make the initial appointments, arguably to get them right, the PM apparently got most of them wrong, starting with the Caribbean Airlines board.
Almost on a weekly basis, state boards are imploding one by one, the latest being the Chaguaramas Development Authority board.
Some chairmen and directors have had to be pushed into retirement, others have voluntarily retired.
In spite of seminars for appointees on their roles and responsibilities, what we have witnessed is a plethora of alleged wrongdoings, malfeasance and infighting.
The diagnosis is quite simple — these appointees have reached their levels of incompetence. One signal example (and there are many others) is that of a former junior level employee (a field officer) who was appointed to the board of the CEPEP company.
The cure is obvious, but I doubt it will be administered. Instead, new appointees will be drawn from the list of the Government's friends and supporters and the ailment will persist.
The other negative consequence is that new boards, if appointed, will necessarily take some months to be up to speed with their respective companies' affairs, resulting in either no or delayed decision-making by the boards, thus negatively affecting the growth in economic activities in Trinidad and Tobago.
Before you realise it fiscal 2013 will have come to an end.