Business Management Dynamics

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ISSN: 2047-7031

bmd Business and Management Dynamics bmd
ISSN: 2047-7031  
Volume  3   Issue 5  2013  
Article Abstract
Management and performance of publics companies in African: A critical look at posts public sector restructuring in Cameroon
Keywords:  Governance, Performance, Public Enterprise and Cameroon.
Enrolling in the new theories of management of public enterprises, this paper addresses the issue of whether management and governance within the Cameroon Postal Services (CAMPOST) have been improved following the restructuring of this Cameroonian public corporate. It also questioned the aforementioned efficiency of governance and its impact on economic, financial and social performance indicators. The results show that due to poor governance structures, the restructuring has not benefited the performance of CAMPOST. Responsibilities are first on the side of the Cameroonian State that has not been able to set up a strong governance structure. Furthermore, managers' opportunism pushed the company deeply into poor performance. Thus, fundamental reforms are necessary in order to equip the state with strong institutions with a view to reducing the problems of corruption and gross waste of public funds that bankrupt more than one country in Africa. This study is a valuable input to the debate on institutional reforms to help improve the performance of public enterprises in Africa and Cameroon in particular.
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