13 December 2011

Monitoring and Supervision of Public Enterprises

Section 7 of the PERD Act provides for monitoring the performance of Public Enterprises which functions are executed by the PMU. There are further provisions in the Act regarding compliance guidelines required of Public Enterprises that are mentioned under sections 8,9,11,12, and 13. 

Besides ensuring compliance to statutory provisions, the PERD Act also requires that Public Enterprises are managed under principles of good governance such as autonomy, accountability, support for improved performance, as contained in section 9 of the Act.