Criteria for appointment of top management for public enterprises

Cabinet has approved a proposal made by Prime Minister Ranil Wickremesinghe to adopt a criteria for the appointment of Chairman and Boards of Directors of State Owned Enterprises. 

According to the Government, 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 appointment of management level officers have been identified as some of the key constraints to improve performance of Public Enterprises. 

As such, a proposal made by  Prime Minister Ranil Wickremesinghe, in his capacity as the Minister of National Policies and Economic Affairs, 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, was approved by the Cabinet of Ministers. 

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