Public Enterprises Standing Committee Public Enterprises Standing Committee

1/ The Public Enterprises’ Affairs Standing Committee shall conduct oversight and control on the following matters:

a) to oversee and control that public enterprises are contributing a constructive role in the economic and trade activity of the country pursuant to the economy and finance policy of the government;

b) To oversee and control that the operation of public enterprises ensures profit and technology transfer;

c) To oversee and control that public enterprises are fulfilling their duty provided under their establishment law;

d) To oversee and control that public enterprises are governed effectively and privatized appropriately;

e) To oversee and control, that the public service delivery of public enterprises is appropriately performed, and internal and external good governance related matters;

f) To oversee and control the support granted by public enterprises, including, to small and micro enterprises as well as other entities taking part in development.

2/ The Standing Committee in conducting oversight and control shall focus on strategically issues and policy directions taking into account the nature of activity of public enterprises.

3/ The Standing Committee may hold close sittings due to the commercial nature of public enterprises.

4/ The Standing Committee may, based on reasonable suspicion or a complaint it has received, conduct oversight and control on finance, procurement and property administration of any public enterprise.

5/ The Standing Committee shall, taking into account the unique nature of the sector on which it conducts oversight and control, perform its activities in conformity with the powers and duties of other standing committees stated under other provisions of this Regulation.

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