The Power of Governance 

The Power Of Governance

Enhancing the Performance of State-Owned Enterprises by Reuel J. Khoza and Mohamed Adam


Eskom is a South African company that has developed from a state utility under apartheid into an efficient globally competitive state-owned enterprise. In 2001, Eskom received the Power Company of the Year title at the Financial Times Global Energy Awards Ceremony in New York. This book draws on the growing body of knowledge about corporate governance in state-owned enterprises. It locates Eskom's experience in that context and argues that a state-owned enterprise can be run as efficiently as any other. The key to performance excellence lies in good governance and the authors reveal how a public company can implement good governance practices when government is the major shareholder.

Both authors were with Eskom through a period of intense restructuring and transformation. They were
instrumental in putting in place the performance agreement with government as shareholder, and played a
significant role in the conversion of Eskom into a company. Their unique experience makes this book an essential
read for leaders and managers in public and private companies, and in government.

DR. REUEL J. KHOZA was Chairman of Eskom Holdings from 1997 until August 2005.

MOHAMED ADAM is Eskom's Corporate Counsel and Company Secretary. A lawyer by training, he practiced as an attorney before joining Eskom as a legal adviser in 1991. He also served as Group International Manager and Legal Manager. Adam was appointed as Eskom's first company secretary when the state utility was converted into Eskom Holdings Limited in 2002. That year he also served as co-ordinator of the King Committee task group on integrated sustainability reporting.

Dr. Reuel Khoza’s part in The Eskom Story > more














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