Islamabad, February 19, 2014 (PPI-OT): Ministry of Industries and Production (MOIP) is actively pursuing the process of completion of the Boards of the organizations working under it and nomination of their executive heads. The process of appointment of CEOs of organizations started as soon as the present Government took over.
The MOIP sought applications from suitable candidates through an advertisement and the list of applicants was sent to the Commission which was constituted under the directions of the Supreme Court of Pakistan for the appointment of CEOs of the organizations.
The Commission recently became dysfunctional due to which the details of the applicants were forwarded back to the MOIP. According to the Corporate Governance Rules 2013 of SECP, the Boards of the companies established under Article 42 are mandated with the task of appointment of CEOs of their companies.
MOIP will recommend the names of suitable candidates for appointment as member Board of Governor of the organizations working under the Ministry. In this regard, the Ministry is paying due consideration for the selection of most suitable candidates who have the relevant qualification and experience.
The representation of private sector will also be ensured in the Boards to create a liaison between the public and private sector and to bring the modern management practices of the private sector into the public sector. The Prime Minister of Pakistan will finally nominate the Board members.
For more information, contact:
Haji Ahmed Malik
Principal Information Officer
Press Information Department (PID)
Tel: +9251 925 2323 and +9251 925 2324
Fax: +9251 925 2325 and +9251 925 2326