The Revolving Door of Governance at LEC

When a company fires its acting Managing Director in the morning and reappoints him to the Board by evening, one must wonder if Lesotho Electricity Company (LEC) is running a power utility or a circus. Corporate governance, at its core, is meant to enforce accountability, clarity of roles, and separation of powers. Yet, in LEC’s latest episode, those principles appear to have been tripped, electrocuted and left smoking. The absurdity of dismissing an individual for alleged misconduct while simultaneously entrusting…Continue reading with a subscriptionSubscribe for full access to every story.Subscribe - M85/monthAlready a subscriber? Sign in Advertisement ...