IODZ signs an MoU with ZACC
THE Zimbabwe Anti-Corruption Commission (Zacc) and the Institute of Directors Zimbabwe (IoDZ) signed a memorandum of understanding (MoU) to advocate for the fight against corruption through corporate governance platforms.
The MoU signing ceremony, held in December last year, coincided with the IoDZ’s Director of the Year (Doya) 2020 award ceremony which saw six directors being recognised and awarded for their business efforts during the year.
In her keynote address, Zacc chairperson Justice Loice Matanda-Moyo said the agreement would ensure that they join forces to fight corruption in the private sector.
“We must fight corruption as board members because we are the corporate governance champions and we are mandated to play an oversight role on policy formulation and implementation,” Matanda-Moyo said.
“This MoU comes at a very opportune time where we can partner with IoDZ in training our officers to be able to detect such offences, exchange of information on best practices and strategies in tackling such issues.
“I also applaud the effort by IoDZ in curbing corruption through training, research, development and various events that foster corporate governance practices, systems and processes.
“As Zacc, we take pride in collaborative approaches to mitigating corruption through creation of strategic partnerships.”
For last year's DOYA, Lance Mambondiani, the BancABC MD and CEO, came out tops with two awards as he scooped the 2020 CEO of the year and overall director of the year awards.