{"id":4299,"date":"2025-09-30T09:35:22","date_gmt":"2025-09-30T07:35:22","guid":{"rendered":"https:\/\/swazidailynews.com\/?p=4299"},"modified":"2025-09-30T09:35:22","modified_gmt":"2025-09-30T07:35:22","slug":"esera-board-chair-shares-insights-from-decades-of-experience","status":"publish","type":"post","link":"https:\/\/genesisekucalenimedia.com\/edn\/4299\/business\/esera-board-chair-shares-insights-from-decades-of-experience\/","title":{"rendered":"ESERA board chair shares insights from decades of experience"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">By Kwanele Dhladhla<\/p>\n<p>Eswatini Energy Regulatory Authority (ESERA) Chairman of the Board of Directors, Mbuso Simelane, has shared invaluable lessons drawn from nearly three decades of serving on corporate boards, emphasising the importance of confidentiality, integrity, and adaptability in effective governance.<\/p>\n<p>Speaking in a wide-ranging interview, which was published by ESERA, Simelane reflected on his first boardroom experience dating back to 1997 and how the journey has shaped his perspective on governance.<\/p>\n<p>\u201cOver the years, I have learnt the importance of confidentiality as a very important principle,\u201d he said. \u201cThe ability to draw lessons from what happens in other organisations without disclosing where you drew the lessons is vital.<\/p>\n<p>I have also learnt not to base decisions on hearsay, as it often affects one\u2019s ability to make objective calls over an organisational situation.\u201d<\/p>\n<p>Simelane noted that beyond policies and codes, board service demands integrity, objectivity, and a deep commitment to corporate effectiveness.<\/p>\n<p>He highlighted that effectiveness and control remain central pillars- \u201cdoing the right thing and charting a controlled way of going forward.\u201d<br \/>Recalling advice from experienced colleagues, Simelane explained that wisdom from seasoned board members often proved critical, even if it appeared impractical at first.<\/p>\n<figure id=\"attachment_4304\" aria-describedby=\"caption-attachment-4304\" style=\"width: 1100px\" class=\"wp-caption alignnone\"><img fetchpriority=\"high\" decoding=\"async\" class=\" wp-image-4304\" src=\"https:\/\/genesisekucalenimedia.com\/edn\/wp-content\/uploads\/2025\/09\/PAGE-5-Mbuso-Simelane-Chairman-of-the-ESERA-Board-of-Directors.jpg\" alt=\"\" width=\"1100\" height=\"1100\" \/><figcaption id=\"caption-attachment-4304\" class=\"wp-caption-text\">\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 Mbuso Simelane, Chairman of the ESERA Board of Directors<\/figcaption><\/figure>\n<p>\u201cI remember being advised by seasoned board members, which seemed out of context to me, only for it to turn out to have been a key solution to a problem,\u201d he said.<\/p>\n<p>He particularly reflected on lessons from global business magnate Natie Kirsh, who served on Eswatini boards during his active corporate years.<\/p>\n<p>\u201cI remember one time as a board we had an organisational feud that we allowed to degenerate to the courts.<\/p>\n<p>Kirsh called us back to the boardroom and told us how courts could not provide solutions to our organisational problems, though they could be crucial to the decisions we could make.<\/p>\n<p>Our egos had become so high such that it almost cost the performance of the company. Kirsh challenged us to make a responsible decision for the benefit of the company.\u201d<\/p>\n<p>According to Simelane, Kirsh also urged board members to avoid over-reliance on governance frameworks such as the King\u2019s Code, and instead apply practical, situational judgment.<\/p>\n<p>Simelane believes that while governance codes provide guidance, they cannot replace ethical commitment and responsible leadership.<br \/>\u201cThere are no straight-jacket formulas for effective corporate governance.<\/p>\n<p>Corporate governance principles remain principles as a guide for best practice, but will not curtail issues of corruption and non-performance,\u201d he stressed.<\/p>\n<p>\u201cIt is about your commitment and passion to selflessly serve and effectively adjust to the changing times and systems of governance,\u201d he said.<\/p>\n<p>As Chairman of ESERA, Simelane said these lessons continue to influence his leadership style. The authority\u2019s mission\u2014to ensure an inclusive, viable, and sustainable energy industry through impartial, effective, and transparent regulation\u2014demands not only technical oversight but also strong governance values.<\/p>\n<p><strong><div class=\"_df_book df-lite\" id=\"4282\"  data-title=\"\" wpoptions=\"true\" thumbtype=\"\" ><\/div><\/strong><\/p>\n<p>Simelane summed up his philosophy with the words of a fellow corporate leader: \u201cCorporate governance is not a prescription but a guide\u2014it is up to leaders to apply themselves with objectivity and selflessness.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"By Kwanele Dhladhla Eswatini Energy Regulatory Authority (ESERA) Chairman of the Board of Directors, Mbuso Simelane, has shared&hellip;","protected":false},"author":1,"featured_media":4304,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"csco_display_header_overlay":false,"csco_singular_sidebar":"","csco_page_header_type":"","csco_page_load_nextpost":"","csco_post_video_location":[],"csco_post_video_location_hash":"","csco_post_video_url":"","csco_post_video_bg_start_time":0,"csco_post_video_bg_end_time":0,"footnotes":""},"categories":[21,24,25,26],"tags":[46,55,73,49,58],"class_list":["post-4299","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","category-future","category-national","category-swaziland","tag-africa","tag-business","tag-eswatini","tag-human-interest","tag-national","cs-entry","cs-video-wrap"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - 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