SOE Bill public hearing

WINDHOEK A National Council Select Committee will hold a three-day public hearing on the State-Owned Enterprises Bill (SOE) in two weeks’ time.

The Select Committee is expected to receive comments on the following sections of the bill: Section 3: Constitution of Council, Section 4: functions of the Council, Section 14: Council’s function in relation to boards of SOEs, Section 15: procedure for appointment of board members and alternate board members of the SOEs, Section 22: remuneration of board members and management staff of SOEs, and Section 27: obligations concerning investments. Members of the public are invited to make written or oral submissions on any of the sections referred to above or any other section of the bill before February 9.The bill was referred to the Select Committee for scrutiny on December 8 last year and the committee has to report back to the House before March 5.The purpose of the bill is to provide for efficient governance of State-owned enterprises (SOEs) and the monitoring of their performance, establishment of the Governance Council, appointment of board members of SOEs, and performance agreements of chief executive officers and senior management of SOEs.The public hearing will take place from February 15 to 17 at the new Administration Building of the National Council.Sessions start at 09h00.- NampaMembers of the public are invited to make written or oral submissions on any of the sections referred to above or any other section of the bill before February 9.The bill was referred to the Select Committee for scrutiny on December 8 last year and the committee has to report back to the House before March 5.The purpose of the bill is to provide for efficient governance of State-owned enterprises (SOEs) and the monitoring of their performance, establishment of the Governance Council, appointment of board members of SOEs, and performance agreements of chief executive officers and senior management of SOEs.The public hearing will take place from February 15 to 17 at the new Administration Building of the National Council.Sessions start at 09h00.- Nampa