Committee On Public Enterprises (Sri Lanka)

The Committee On Public Enterprises (COPE) is a parliamentary committee established on July 21, 1979 by the Parliament of Sri Lanka.[1]

Mission

The intention of the committee is to ensure the compliance of financial discipline in Public Corporations and other Semi Governmental bodies in which the Government of Sri Lanka has a financial stake.

Structure

COPE consists of 31 Members reflecting the party composition in the House established under the Standing Order 126 at the beginning of each Parliamentary Session and the Chairman is elected by the Members of the Committee at its first session. Its quorum is four.[2]

Past chairmen

Notable investigations

Sri Lanka Insurance: In 2007, COPE revealed that the privatization process of Sri Lanka Insurance Corporation which undertook in the year 2003 was irregular.[7] As a result of a case filed in the Supreme Court challenging the privatization of Sri Lanka Insurance Corporation, On 4 June 2009, the Supreme Court of Sri Lanka annulled the sale of Sri Lanka Insurance Corporation.[8]

Ceylon Petroleum Corporation: In 2012 August, The Ceylon Petroleum Corporation has been summoned to appear before a committee for the investigations following alleged imports of substandard fuel.[9] Following the probes from the Criminal Investigation Department (CID) and the Bribery Commission,President Mahinda Rajapaksa has instructed his ministers to appoint new chairmen when the present corrupt Heads are removed and to reconstitute all such Boards of Management in state institutions.[10]

References

Further reading

External links

This article is issued from Wikipedia - version of the Tuesday, August 18, 2015. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.