AVZ Discussion 2022
- Thread starter GazDix
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Frank
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DRC public companies "are going through a deep crisis" (Minister of Portfolio)
Almost all of the DRC's public companies are currently underperforming and their situation remains very worrying, warned the Minister of Portfolio, Jean-Lucien Bussa, at the opening, Monday, December 9, 2024, in Kinshasa of the work of the general assembly of the State portfolio.
Several challenges must be met in order to achieve impeccable management of these companies.
The deep crisis that is currently ruining them is manifested by mismanagement, internal rivalries, lack of rigor and many others, indicates Jean Lucien Bussa.
To promote the effective revival of the DRC's public companies, it is necessary to strengthen the roles of internal audit and to clearly define the attributions of the boards of directors and those of general managers and their deputies.
Some public officials do not respect the rules of governance.
In most cases, according to the minister, the crisis is manifested by "the infelicity of the boards of directors, which, instead of functioning as strategic bodies, want to get involved in daily management.
The general managers, for their part, have difficulty implementing the decisions of the boards of directors and are resistant to control".
These general meetings of the State portfolio are held under the theme of "making the State portfolio a powerful lever for economic growth and social development in the DRC".
The debates will be led by members of the Government, public officials, scientists, students and civil society.
mediacongo
Almost all of the DRC's public companies are currently underperforming and their situation remains very worrying, warned the Minister of Portfolio, Jean-Lucien Bussa, at the opening, Monday, December 9, 2024, in Kinshasa of the work of the general assembly of the State portfolio.
Several challenges must be met in order to achieve impeccable management of these companies.
The deep crisis that is currently ruining them is manifested by mismanagement, internal rivalries, lack of rigor and many others, indicates Jean Lucien Bussa.
To promote the effective revival of the DRC's public companies, it is necessary to strengthen the roles of internal audit and to clearly define the attributions of the boards of directors and those of general managers and their deputies.
Some public officials do not respect the rules of governance.
In most cases, according to the minister, the crisis is manifested by "the infelicity of the boards of directors, which, instead of functioning as strategic bodies, want to get involved in daily management.
The general managers, for their part, have difficulty implementing the decisions of the boards of directors and are resistant to control".
These general meetings of the State portfolio are held under the theme of "making the State portfolio a powerful lever for economic growth and social development in the DRC".
The debates will be led by members of the Government, public officials, scientists, students and civil society.
mediacongo
Needs a murder or two
The History Podcast - Shadow War: China and the West - Welcome to The History Podcast - BBC Sounds
Gordon Corera welcomes you to The History Podcast.
www.bbc.co.uk
Try this for a bit of background.
We all know what we're up against.
This clarfies it.
Winenut
GO AVZ!!!!
Friends let you know the plan??
Is it unreasonable to consider the AFP investigation could be a material adverse change ? If AVZ draws down on the loan by Dec 31 it would suggest AVZ is in the clear . If not then it would suggest there has been a material adverse change . Basic logic .
And why are you expecting an announcement when AVZ draws down on the loan ?
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Winenut
GO AVZ!!!!
How do you know if AVZ had/hadn't drawn down on the Locke facility prior to this next piece of orchestrated AFP bullshit from Fatslobs and/or the other detractors???
Azzler
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And wouldn't you love that. You Fucking slime bag.
He don’t know shit. Type of person who pisses into the wind and wonders why he’s wet
Retrobyte
Hates a beer
We had that already, remember the arrests for the assassination attempt?Needs a murder or two
Hey Juba or John or whatever the fuck your name is, have you considered this cooperation with the AFP could be a masterstroke by AVZ? Using the AFP free of charge to clear them of any corruption allegations and creating some clear air to progress past the mudslinging by the DRC and Zijin at the ICC and ICSID - well played by the BOD and their lawyers! Bring on the first tranche!
My way of thinking would be Locke would have covered the AFP issue in DD. The issue has been around for a while and would have been a disclosure requirement for AVZ. Basic logic.
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It is true, AVZ will draw down its first tranche of Locke funding, it will be done to pay DLA pipers lawyer fees which are behind 6 months, plus pay the ICSID / ICC arbitration fees.........this was all mentioned at the AGM.
The AFP investigation is all about Marius........a complete witch hunt.
Move on.
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