Motions

WHEREAS State Enterprises and State-Controlled Institutions manage substantial public assets and resources on behalf of the people of Trinidad and Tobago;

AND WHEREAS their effective management requires that Boards of Directors discharge their fiduciary responsibilities in accordance with the law;

AND WHEREAS executive management should be suitably qualified, experienced and competent to effectively manage these State Enterprises and State Institutions and remain accountable to their respective Boards of Directors;

AND WHEREAS recent reported developments within the State Enterprise / Institution Sector have raised public concerns regarding Board appointments, the conduct of executive management and inadequate separation of responsibilities among shareholders, Boards of Directors and executive management;

AND WHEREAS reports of conflicts of interest may undermine public confidence, in State Enterprises and State-Controlled Institutions;

BE IT RESOLVED that this House express its concern over the governance of State Enterprises and State-Controlled Institutions;

AND BE IT FURTHER RESOLVED that the Government take appropriate measures to strengthen transparency, accountability, competence, institutional independence, adherence to established principles of corporate governance and to ensure that appointments and decisions concerning these institutions protect the public interest.

(By the Member for Arouca/Lopinot)