Management agreements in parastatal organizations with special reference to the National Development Corporation.
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Date
1973
Journal Title
Journal ISSN
Volume Title
Publisher
University of Dar es Salaam
Abstract
The thesis is an attempt at examining and evaluating the system of managing enterprises through managing agents (management agreements) in Tanzanian parastatal organizations with the National Development Corporation (NDC) as a case study. The dissertation attempts to project and examine the topic covering all relevant angles. Part One deals with the historical background connected with the pursuit by TANU of the policy of Socialism and Self Reliance and the means utilized to achieve that policy especially with the establishment of public a corporations (parastatal organizations). The benefits and disadvantages of running these organizations through managing agents is examined and a comparison is draw between the situations prevailing in the Indian sub-continent and Tanzania, the Indian experience is relevant because the system was in use in India to a great extent. In Part Two the model Management Agreement used in the national Development Corporation in the early days is examined critically and recommendations are made for the amendment of the provisions contained thereof. The various relationships that are created by the Agreement are discussed including the implications of each segment thereof. In view of the two instances relating to the remuneration provisions already referred to above, the various methods of paying managing agents there frees are discussed in detail. Part Three covers general matters related to controls of managing agents and suggests improvements of provisions of the agreement and the introduction of legislation related to the system. The controls that a exercisable on managing agents are distinguished between direct and indirect controls. These controls are set out in detail to demonstrate that if there have been any defects in the system such defects are not due to a lack of appreciation by the relevant authorities of their responsibilities and the non-exercise of the controls. There are discussed several proposals for additional provisions to be included in the model management agreement in the interests of the parastatal organizations. Finally suggestions are made for the introduction of necessary legislation to apply to public corporations that empty managing agents in order to safe guard the interest of the country.
Description
Keywords
Corporations, Government, Tanzania, National Development Corporation (NDC)
Citation
Carvalho, V. N. J. E. A. E. S. (1973). Management agreements in parastatal organizations with special reference to the National Development Corporation. Masters dissertation, University of Dar es Salaam. Available at (http://41.86.178.3/internetserver3.1.2/detail.aspx?parentpriref=)