Integrity calls on state institutions to follow up their financial assets in mixed sector companies

[ltr]Integrity calls on state institutions to follow up their financial assets in mixed sector companies[/ltr]

 Since 2017-10-15 at 14:04 (Baghdad time)
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[ltr]Baghdad Mawazine News[/ltr]
[ltr]The Integrity Commission proposed on Sunday to provide the necessary allocations to complete the investment projects that have achieved high rates of completion and stop work, while recommended to approach the General Secretariat of the Council of Ministers for the purpose of directing institutions that have shares in the mixed sector to form specialized committees to make informed decisions that comply with market requirements.[/ltr]
[ltr]In a statement received by Mawazine News, the agency said that its mobile inspection teams, which visited the Tourism Authority and its divisions affiliated with the Ministry of Culture, Tourism and Antiquities, have proposed the completion of joint investment projects with the ministries of finance and planning in Baghdad, Wasit and Maysan governorates. In order to contribute to the revitalization of the country's internal tourism ".[/ltr]
[ltr]"We appreciate the unrivaled attention given by the Secretariat to our reports, which have been prepared through its various mobile inspection teams, prevention teams and others, through which they aim to improve the performance of state institutions in providing the best services to citizens in a dignified manner; to prevent the exploitation of their needs by As well as recording observations, recommendations and proposals addressed to the institutions concerned for the purpose of answering them. "[/ltr]
[ltr]The Commission explained in its report that it "proposed to approach the Secretariat of the Council of Ministers; to consider the possibility of preparing a draft bill containing the cancellation of the suspension of the second paragraph of Article 114 of the Companies Law No. (21 of 1997), which required the vote of two representatives of the Socialist sector at least on resolutions The Board of Directors for its entry into force, and the consequent cancellation of significant financial waste in public sector stocks; the fact that the private sector controls most of the mixed sector councils; as a result of suspension (paragraph II of Article 114) by the dissolved CPA.[/ltr]
[ltr]The report urged the Tourism Authority and its Board of Directors to "follow up their financial assets in the mixed sector companies, provide opinions and prepare feasibility studies, and not rely on personal decisions that are not studied, as well as the nomination of staff from the Tourism Authority with experience and competence for membership of the boards of directors, The appointment of directors-general as members of these boards; in that case they exercise executive and supervisory functions simultaneously, privatizing the participation of a number of directors-general and staff members more than a board of directors, and involving staff from outside the Tourism Authority in a member Of those councils ".anthy 29 / A 43[/ltr]




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