Watchdog committee alarmed by lack of full boards for parastatals

Hazina Trade Centre in Nairobi, which is owned by NSSF. The parastatal has been operating for years without the chairman. [Boniface Okendo,Standard]

The Public Investment Committee (PIC) is alarmed at the high number of State corporations that are operating without fully constituted boards. Some are barely meeting the threshold to hold a meeting.

The parliamentary committee has expressed concerns that failure by the Executive to fully constitute the boards has granted the management of some of the parastatals the leeway to undertake mega projects that require approval without the consent of the boards.