Section 5Functions of the Council

s. 5

5. Functions of the Council The Council shall- (a) formulate general policy guidelines for public corporations and issue instructions and directives for the co-ordination and better management of the affairs and business of such corporations following such policy guidelines; (b) formulate general guidelines for preparation of management objectives of public corporations; (c) formulate general guidelines for preparation of budgets by public corporations; (d) co-ordinate management objectives of public corporations; (e) approve production target and profit and performance criteria for any public corporations; (f) approve declaration of dividend or contribution of profit to Government by any public corporations; (g) evaluate periodically and monitor performance of public corporations; and (h) do such other acts and things as it may consider necessary for ensuring co-ordinations and better management of public corporations.