PM wants outsiders on boards of State companies

Prime Minister S.Batbold instructed State Property Committee chief D.Sugar on Tuesday to include representatives of civil organizations, professional associations, academics and researchers on the board of directors of state owned organizations and companies. The Prime Minister referred to the widespread criticism that state organizations are not sufficiently open and to rumors that many officials have commercial links with these organizations. Inducting neutral outsiders would improve the current governance practice.

Sugar told the Prime Minister that, as part of the program to develop the capital market, the committee is pushing state organizations to have their own web sites and also to have more independent members in their boards.