When Political Power Corrupts Corporate Purpose

The unfolding case of Duty Free Sourcing and its politically connected shareholder, Teboho Kobeli, mirrors a deeper structural ailment within Lesotho’s governance landscape. It is not an isolated scandal but part of a pattern where political influence distorts institutional purpose and exposes systemic weaknesses in board independence, conflict of interest management, and regulatory compliance. Board Independence: A Compromised Governance Architecture At the centre of the controversy lies a decision that should never have survived basic scrutiny. The Lesotho National Development Corporation (LNDC)…Continue reading with a subscriptionSubscribe for full access to every story.Subscribe - M85/monthAlready a subscriber? Sign in Advertisement ...