Govt. to set criteria for appointing boards and chairmen

Cabinet of ministers has given its approval to the government to set criteria for appointing board of directors and other senior officers to state-owned enterprises.

"The lack of a clear-cut policy directives with regard to management of Public Enterprises, failure to delegate decision-making to senior management, absence in commercial consideration in business decisions, political interference in appointment of staff, failure to adopt practical guidelines for the selection and failure to adopt practical guidelines for appointment of management level officers have been identified as some of the key constraints to improve performance of Public Enterprises," a statement on approved cabinet decisions said.

The cabinet has decided that it is a timely need to adopt a formal and transparent method in such appointments and granted approval to a proposal made by the Prime Minister Ranil Wickremesinghe, in his capacity as the Minister of National Policies and Economic Affairs.

It has been proposed to adopt criteria on professional and management experience, maximum age limits, provisions for prevention of conflicts of interest, disqualifications, prepared by the committee appointed by the President in making recommendations for such appointments.

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