The Minister for Public Enterprises, Sir Mekere Morauta, said today National Executive Council has approved
changes to the IPBC Act.
“The changes reinstate and strengthen sections of the Act relating to corporate governance, accountability and
transparency and customer service,” he said.
“Given the importance of IPBC in the provision of essential services, the amendments will be drafted and
presented to Parliament as soon as possible.
“The Act is a framework for the delivery of affordable services across the country.
“But that framework has been severely weakened over the past 10 years and as a result service delivery has
gone backwards rather than improved.
“NEC’s changes are aimed at restoring the strength, independence and accountability of IPBC itself and Public
Enterprises.” Sir Mekere said the main changes include:
“These changes, taken as a whole, restore IPBC to its primary role as a hospital for the rehabilitation of our ailing
public enterprises,” Sir Mekere said.
“They have been designed as a complete package – no single element should be considered in isolation from
the others – that restores IPBC to its original purpose, and reinforces its independence, its transparency and
accountability, its capacity and its systems and processes.”
Mekere Morauta KCMG MP
Minister for Public Enterprises
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