COLOMBO : The Chairman of the Committee on Public Enterprises (COPE), Hon. Member of Parliament Dr Nishantha Samaraweera, has emphasized the importance of developing appropriate corporate and operational plans for State-Owned Enterprises (SOEs), identifying measurable Key Performance Indicators (KPIs) to assess their progress, and ensuring their effective implementation to enhance institutional performance.
He made these remarks at a progress review workshop on the Key Performance Indicators outlined in the corporate and operational plans of 41 institutions, which had initially presented their corporate plans before the Third Sub-Committee of the Committee on Public Enterprises. The workshop was held recently at the Parliament.
The Chairman also pointed out the need for public institutions to identify and act in accordance with their statutory powers and responsibilities to ensure the proper discharge of their functions, financial discipline and operational efficiency.
He further stressed that, rather than focusing solely on past audit issues, it was important to assess the progress made in implementing corporate plans and evaluate whether the intended outcomes had been achieved through their implementation.
The workshop was attended by Members of Parliament serving on the Committee on Public Enterprises; Auditor General Ms Samudika Jayaratne and audit officers of the National Audit Office; P. Ranasinghe and C. S. Mayadunne, Advisers to the Committee on Public Enterprises and the Committee on Public Accounts, respectively; officials from the Department of Management Audit, the Department of Public Enterprises and the Department of National Budget; as well as chief executive officers and chief financial officers of State-Owned Enterprises and other officials.
