State Institutions related Standing Committees
Members
Committee works
Committee meetings
The committee was established at the 2nd sitting of the 20th People's Majlis on June 3, 2024. Under Article 124 of the Rules of Procedure of the People's Majlis, mandates of the committee are to ascertain whether the state-owned Enterprise and the business places are managed applying the sound business practices including the corporate governance mechanism. It is the role of the committee to ascertained whether the Board has properly discharged their duties and responsibilities; whether there are any challenges faced by the Board and whether the transactions related to the company are being carried out in accordance with the company’s Memorandum and Articles of Association and the decisions of the Board. Furthermore, it’s the role of the committee to ascertain whether the companies are making efforts to improve the management and operation of the company. Hence, it is the role of the committee to analyze whether the financial situation of the companies and the business places are improving or deteriorating annually and scrutinize whether the dividend are paid to shareholders on a yearly basis.
Jun
25
25 Jun 2024
Jun
03
03 Jun 2024
03 Jun 2024
Appointment of the Chair and the Deputy Chair of the committee
Completed
13 Nov 2023
White Paper By ACC presenting the visible changes that can be brought to registration process of PVT companies.
Completed
01 Nov 2023
Issue sent by Housing Development Corporation regarding the command from ACC to halt some project works.
Ongoing
© 2024 Parliament of MaldivesA