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Speaker launches Handbook on Good Governance for Chairmen and Boards of Directors of Public Enterprises

The Speaker  Karu Jayasuriya on Tuesday launched a Handbook on Good Governance for Chairmen and Boards of Directors of Public Enterprises.

The handbook developed by the National Human Resource Development Council (NHRDC) in collaboration with the Institute of Chartered Accountants of Sri Lanka on good governance directed to chairmen and boards of directors of public enterprises would serve as a guide to manage the affairs of those institutions effectively.

Speaking at the event, Speaker Jayasuriya said the present Government has taken several initiatives to uphold transparency, accountability, rule of law, participation and good governance in managing the public sector.

Introduction of the 19th amendment to the Constitution and the appointment of independent commissions, enactment of the Right to Information Act and the proposed National Audit Act, Public Finance Act and the Public Enterprise Board Act are some of them.

He said the public enterprises play a vital role in the public delivery system and are major contributors to the national economy. Some of the Enterprises which are dominant players in the banking and financial services industry are trend setters in that sector.

Since Enterprises are established under statutes, their performance has to be in compliance with such statutory requirements subject to the provisions of the Constitution and other laws as may be applicable. Hence these enterprises should be professionally managed.

The President has appointed a high level committee to examine and to recommend nominations to the boards of public enterprises and guidelines have been issued specifying the eligibility requirements of candidates for the appointment to such posts.

The Speaker said the Parliamentary Committee on Public Enterprises (COPE) in its recent reports to Parliament has expressed serious concerns about the management of public enterprises for several issues.

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