Economy

Public companies: Role of Board of Directors in improving governance

Minister of Industry, Mohamed Bacha, highlighted, during a meeting held Saturday in Algiers that brought together heads of public industrial groups, the role of the board of directors of public industrial enterprises in their development and improving their governance, said a statement issued by the Ministry.

Speaking at the meeting, Mr. Bacha stressed “the key role of the member of the board of directors in improving the governance of public enterprises and the responsibilities assigned to him under the laws in force, and this, to participate in the development of the performance of public enterprises and meet the aspirations of public authorities aimed at reviving industrial activity, “says the statement.

On this occasion, the Minister called the members of the boards of directors of the various public groups to the mandatory “intensification of their efforts in supporting leaders of these groups to achieve objectives set to revive the public industrial sector,” added the same source.

Participants at this meeting discussed the role of the member of the board of directors in the protection of interests and assets of the company, stressing, in this sense, the importance of the ethics charter of the member of the board of directors which defines the obligations and ethical commitments for the exercise of their missions in the framework of transparency and integrity.

Show More

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button