08.02.13

Heads of public enterprises learn legislation governing their firms

Posted in Business and Economy, Seychelles legislation at 10:53 am by Robert Klien

Chief executives, board chairpersons and finance officers of public enterprises met for a half-day forum to learn more about the laws and regulations govern their operations. Also, they learned more about their functions and discussed issues on the monitoring commission.

The forum was launched by Finance, Trade and Investment Minister Pierre Laporte. He said: “The forum is a very important one as government takes the management of public enterprises very seriously be it from the financial, strategic and governance aspects. We all need to work together to ensure public enterprises are run in an efficient and transparent manner because it is in fact the assets and funds belonging to our people that we are managing and we are accountable to them. This is the most important thing we have to bear in mind”.

The Public Enterprise Monitoring Act came into force in 2009 in order to improve transparency and governance which was at that time administered through a unit in the Ministry of Finance. Earlier this year the National Assembly approved new amendments to the Act which brought the monitoring of public enterprises under a new commission to further ensure a better level of management and good practices.

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