Privatisation and Corporatisation Board (PCB) has inaugurated its five-year strategic action plan for 2024-2028.
Speaking at the inauguration ceremony, Auditor General Hussain Niyazi said the strategic action plan will focus on improving the governance of PCB and state-owned enterprises (SOE) and reducing their dependence on the state budget. He also highlighted the importance of joint efforts to implement the plan.
Additionally, Auditor General Niyazi recognised that accountants and auditors play a crucial role in strengthening the management of companies. Speaking on behalf of the Institute of Chartered Accountants of the Maldives (CA Maldives), he said they are ready to assist in the efforts of PCB.
Also at the ceremony, President of PCB Asim Mohamed highlighted that the newly introduced action plan is geared towards enhancing the performance and management of SOEs. He emphasised that the initial objective of PCB of establishing regulations and policies for state-owned companies has been successfully accomplished. He said the focus will shift to the advancement of SOEs through a strategy and vision that ensures their alignment with the evolving technological landscape.
The PCB website and gateway were also launched at the ceremony. The website and gateway will provide important details about SOEs such as information on the board members, their roles, the key activities of the companies and their financial statistics.