PNGID President, Ian Tarutia, said this during his presentation at the PNGSTC inaugural Board meeting.
According to a media statement, Tarutia reminded council members that a lot of organisations in PNG have failed or under-performed because individuals appointed on those entities did not exercise due care and diligence, or misunderstood their fiduciary role as directors.
He said a feature of successful organisations today was having a good governance framework in place.
