Appointing directors: One person, one board, says TIP

Appointing people from private sector on board of directors of multiple PSEs wastes taxpayers’ money, TIP tells Dar.

KARACHI:

Transparency International Pakistan has urged the government to appoint one person in one organisation only when nominating directors for the government controlled companies.

Appointing people from private sector on the board of directors of multiple public sector enterprises (PSEs) wastes taxpayers’ money, TIP said in a letter to Finance Minister Ishaq Dar.

A complainant has informed that the government has been nominating private sector persons on the board of more than one organisation, in some cases in three to four organisations, which amounts to nepotism and favoritism, and is against the basic principle set by the government in its new policy announced on November 20, 2013, one person in one organisation only.

It seems illogical that a civil servant is barred from being appointed on the board of more than one PSE, while a person from the private sector is being nominated in many PSEs.

Published in The Express Tribune, July 15^th, 2014.