President Mohamed Nasheed has today established Public Enterprises Monitoring and Evaluation Board.
The responsibilities of the Board include monitoring and evaluation of financial situation, budget and capital of the government companies and companies with government shares.
The Board will also decide on policies regarding book keeping and distribution of dividends, as well as formulating reform measures for underperforming enterprises. In addition, the Board will have the final say on fate of the companies, other than companies that provide public necessities, which are unable to regain profitability even after corrective measures.
Political Affairs Advisor of the President Mohamed Shihab is appointed as the Chairperson of the Public Enterprises Monitoring and Evaluation Board. Other members included in the Board are as follows:
- Mohamed Mahir Easa, the Deputy Minister of Home Affairs
- Hassan Zahir, the Chairman of STELCO
- Mohamed Shahdy Anwar, the Chairman of Thilafushi Corporation Limited
- Shahid Ali, the Managing Director of STO
- Shazly Shafeeq, the Managing Director of Maldives Post Limited
- Adnan Haleem, the Vice President of the Maldives Association for Construction Industry