Public Entities Corporate Governance Act [Chapter 10:31].

This Act regulates certain matters regarding administration and functioning of public entities in Zimbabwe. “Public entity” means an entity whose operations or activities are substantially controlled by the State or by a person on behalf of the State, whether through ownership of a majority of shares in the entity or otherwise, and beside the gender perspective, includes- (a) a statutory body; (b) a public commercial entity; (c) an entity established under an agreement for a partnership or joint venture between the State and any other person, which entity is declared to be a public entity; and (d) any subsidiary of an entity referred to in paragraph (a), (b) or (c). There shall continue into existence a Corporate Governance Unit, which advise line Ministries to ensure strict compliance by all public entities with the applicable provisions of this Act and oversee the discharge by line Ministries of their responsibility to monitor compliance.
The board of every public entity shall draw up a strategic plan for every public entity for which it is responsible, to- (a) set the entity’s objectives and priorities for a period of between two and six years, as the board may decide; (b) determine the manner in which the entity is to achieve those objectives and priorities; and c) strengthen the entity’s management systems with a view to achieving those objectives and priorities. The board of every public entity shall conduct the business and affairs of the entity in accordance with - (a) the provisions of the Good Corporate Governance Code, where the entity is a public commercial entity; and (b) such of the principles of good governance set out in the Second Schedule as are applicable to the public entity concerned, where it is not a company. Risk management to be carried out by a public entity shall also include environmental audits and hazard and operability studies. Integrated and Sustainability Reporting shall also include elements regarding the environment.