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Tarin assures support in restructuring of corporations

Thursday, 11 Mar, 2010 8:59 pm

ISLAMABAD : Former Finance Minister Shaukat Tarin assured his support to the government in restructuring of the corporations and hoped nobody will be allowed to interfere in this process.

He said that the independent Board of Directors should be from the private sector with a stature. He said once the board is formed it should be given authority to recommend names of CEOs of the respective corporations to the committee. The restructuring programmes will be formed by those boards of directors, he added.

To a question, he said that the BoD should be fully independent and devoid of any bureaucratic interference otherwise restructuring would not be possible.

It is not an easy task to appoint BoDs as the technocrats and persons relating to the same businesses will have to be appointed, he said.

He said that the long term decisions should be avoided as restructuring is going to take place.

Copyright APP (Associated Press of Pakistan), 2010

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