Majlis approves president's appointees to PCB
17 ފެބުރުއަރީ 2020 | ހޯމަ 10:42The privatization board was formed under a specific law during 2013
Finance Ministry
The People’s Majlis has arpproved seven members to the Privatization and Corporatization Board (PCB).
The names of President Ibrahim Mohamed Solih's appointees to the board was forwarded to the Majlis committee on 14 November 2019.
Voting for approval to the seven nominations took place at Monday’s sitting.
65 members voted to elect Hassan Waheed, native to Thinadhoo island in Gaaf Dhaal atoll as the board’s President and Asim Mohamed native to capital city Malé as the Vice President.
Further, Aishath Shaazlee for PCB’s accounting and finance received approval from 60 members. Rushaha Ahmed Shareef received votes in favor from 64 members to be appointed to the board’s banking division.
Further, 62 members voted to approve Ali Shafeeu’s appointment to PCB’s business administration division.
63 members voted to approve Ali Shujau to the legal division and 65 members voted to approve Shareef Yoosuf’s appointment to the economic division of the Privatization and Corporatization Board.
The board was formed under a specific law during 2013 and members were appointed to the board on two separate occasions, without parliament approval. An SOE report states that nominations are required to be approved by the Majlis and that the appointed members were not fulfilling their duties responsibly.
During August 2019, parliament approved to appoint new members to the board, run under the Ministry of Finance and Treasury.
Laws dictate that the president send the names of board appointees to the parliament for approval first. However, the previous administration failed to follow through. As such, members were appointed between 2014 and 2018 without majlis approval following which the board had neglected its responsibilities.
