PCB Cautions SOEs From Making Significant Changes, Advises Full Cooperation With Transition Teams

The Privatization and Corporatization Board (PCB) has issued an advisory to state-owned enterprises (SOEs) cautioning them against making significant changes during the transitional phase of administrations. The advisory, issued yesterday, instructs SOEs to refrain from new projects or substantial expenditures except for routine business. It also advises against altering rules, regulations, revenue-affecting decisions, salary and allowance structures, employee rules, and company structures. Additionally, SOEs are urged to fully cooperate with the president-elect’s transition teams, providing easy access to documents and information.

The Privatization and Corporatization Board (PCB) has issued an advisory to state-owned enterprises (SOEs) cautioning them against making significant changes during the transitional phase of administrations. The advisory, issued yesterday, instructs SOEs to refrain from new projects or substantial expenditures except for routine business. It also advises against altering rules, regulations, revenue-affecting decisions, salary and allowance structures, employee rules, and company structures. Additionally, SOEs are urged to fully cooperate with the president-elect’s transition teams, providing easy access to documents and information.

The Privatization and Corporatization Board (PCB) has issued an advisory to state-owned enterprises (SOEs) cautioning them against making significant changes during the transitional phase of administrations. The advisory, issued yesterday, instructs SOEs to refrain from new projects or substantial expenditures except for routine business. It also advises against altering rules, regulations, revenue-affecting decisions, salary and allowance structures, employee rules, and company structures. Additionally, SOEs are urged to fully cooperate with the president-elect’s transition teams, providing easy access to documents and information.

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