SOE committee seeks to reform Privatization and Corporatization Board

The parliament’s State Owned Enterprises Committee (SOE), on Monday, approved to send the proposal for President Ibrahim Mohamed Solih to reform the Privatisation and Corporatization Board (PCB), to the parliament floor.

Although PCB members must be approved by the parliament as per the law, the members' names were not submitted to the parliament during former President Abdulla Yameen Abdul Gayoom’s administration. The board currently comprises of only five out of the mandated seven members.