Executive director and member of the supervisory board of state-owned companies

AsanWazifa.com

The objective of the task: Cohesion and improvement of the affairs of state-owned companies through effective supervision of state-owned companies in accordance with the law on state-owned companies.

Introduction:

The Law on State-Owned Companies provides for the Supervisory Board of State-Owned Companies as a supervisory body in the law, and this board has 5 members. The Supervisory Board is chaired by the Minister of Finance. In addition, the Minister of Finance, the Executive Director, the Deputy Minister, and two other non-government members are members of the Supervisory Board. The duties and competencies of the Supervisory Board are specified in detail in the Law on State-Owned Companies, which can be specifically referred to in Article 10 and Article 17 of the said law.

The Supervisory Board operates collectively and its executive affairs are carried out through the Executive Director and decisions are taken in accordance with the law in the meetings of the Supervisory Board. The bill sets out the duties of the chief executive officer who has not previously been a government official.

Details
LocationKabul
OrganizationThe Ministry of Finance
No. of Opportunity1
GenderMale and Female
SalaryAs Organization salary Scale
Vacancy NoMF 001
Job TitleExecutive director and member of the supervisory board of state-owned companies
Experience12 years
Contract DurationPermanent
NationalityAfghan
Education:Bachelor degree
Deadline 09. April. 2021
AsanWazifa.com

Qualifications and job responsibilities:

  • Supervise the activities of state-owned companies in order to ensure their compliance with national development rules and programs;
  • Review of strategy and activity of state-owned companies;
  • Evaluate the activities of state-owned companies and submit a proposal to the Cabinet of the Islamic Republic of Afghanistan on whether or not there is a state-owned company so that the Cabinet can consult with the Ministry of Finance on dissolution, privatization, merger, reorganization, or simplification of state-owned companies. To;
  • Establish an ownership framework policy for state-owned enterprises;
  • Prescribing criteria for management and ethical standards of state-owned companies;
  • Establish an evaluation system for the activities of state-owned companies;
  • Establish a system for evaluating the strategy, budget, and performance of state-owned companies;
  • Evaluate the activities of state-owned companies and in case of any discrepancy between the business performance of state-owned companies and its regulatory performance, submit a proposal to the Cabinet of the Islamic Republic of Afghanistan in consultation with the Ministry of Finance on separating business activities from policy-making and regulatory activities. Competencies of the company to the relevant government agency or other solution to ensure that there is no inconsistency between the business performance of the state-owned company and its regulatory performance;
  • Establish a policy of rewards and punishments and monitor its implementation;
  • Establish a financial reporting policy and monitor its implementation;
  • Establishing the procedure for holding shareholders’ meetings and supervising its implementation;
  • Provide advice to government shareholders and participate in the General Assembly of shareholders without the right to vote;
  • Study, review and evaluate the performance of state-owned companies periodically and, if necessary, request a report on their activities and management;
  • Provide technical advice to the Ministry of Finance and other state-owned stakeholders, state-owned companies, on setting goals for state-owned companies and working with them to monitor the performance of state-owned companies to achieve their goals;
  • Supervising the activities of state-owned companies in order to ensure transparency and its law;
  • Establish procedures for convening meetings of the General Assembly of shareholders and the board of directors of state-owned companies

The supervisory board of state-owned companies in the field of human resources has the following duties and competencies:

  • Appoint members of the board of directors of a state-owned company from the list of candidates for board membership prepared by the Independent Administrative Reform and Civil Service Commission;
  • Observance of the conditions stated in the sentence of Article 23 and the conditions stated in the articles of association regarding the number of the board of directors;
  • Evaluate the performance of board members and officials of state-owned companies;
  • Evaluate the number of wages, privileges, and policies of state-owned companies regarding the performance of board members, officials, and other employees of state-owned companies and submit a proposal or request to adjust the internal policies of state-owned companies;
  • Suspension of duty or dismissal of a member of the board of directors or officials of a state-owned company in case of violation or non-observance of management criteria by performing an action or refusing to act as a member of the board of directors of a state-owned company;
  • Carrying out studies on the number of wages and salaries and submitting a proposal to the Cabinet of the Islamic Republic of Afghanistan in consultation with the Independent Commission for Administrative Reform and Civil Services regarding the salary system of the employees of the state-owned company. The proposed system ensures the absorption of talents and is financially sound and sustainable for the state-owned company;
  • Analysis and study of ways to effectively use human resources and capital of state-owned companies;
  • Prepare and implement programs according to which the officials and administrative staff of state-owned companies periodically work in different companies. The staffing program is prepared and implemented in consultation with the Independent Administrative Reform and Civil Service Commission.

The Supervisory Board of state-owned companies in the financial field has the following duties and competencies:

  • Analyze and review the annual balance sheets and quarterly reports of the activities of state-owned companies and provide opinions to the board on it;
  • Carrying out monitoring activities and evaluating the financial and economic activities of state-owned companies based on the annual balance sheet and quarterly report;
  • Assess the complaints of natural and legal persons regarding the financial and economic affairs of state-owned companies and submit an evaluation report to the board of directors;
  • Issuance of instructions and guidelines and setting work goals for state-owned companies based on the proposal of the Ministry of Finance in order to reduce financial risks and improve financial systems, financial control, and financial reporting systems;
  • Cooperate with the Ministry of Finance on the implementation of solutions in cases of high financial risk to the company and in particular the implementation of solutions envisaged by the Ministry of Finance in cases of high risk of financial crisis against state-owned companies;
  • Demand for a financial audit of state-owned companies, financial statements, books, and records by audits of state-owned companies or an independent audit body at the expense of state-owned companies;
  • Evaluate the financial statements of the state-owned company and, if necessary, request its adjustment in cooperation with the board of directors;
  • Monitoring the timely payment of taxes by state-owned companies in accordance with quarterly reports related to the company’s achievements and annual balance sheet;
  • Approval of business plan and an annual budget of state-owned companies;
  • Develop a policy to finance non-commercial goals or public sector responsibilities assigned to state-owned companies.

The supervisory board of state-owned companies in the field of reporting has the following duties and competencies:

  • Prepare a quarterly report on the progress and evaluation of the performance of state-owned companies and submit it to the Supreme Economic Council, along with proposing clear and specific measures;
  • Creating and maintaining a website for public access to documents that the state company is obliged to publish in accordance with the provisions of paragraph (5) of Article 32 of this law, and other information that is published based on the necessary requirements of the Board of Supervisors of state companies for transparency and good governance. It is necessary.

The affairs related to the Supervisory Board of State-Owned Companies are the responsibility of the Executive Chairman of the Board of State-Owned Companies and have the following duties and responsibilities:

  • Leadership and management of day-to-day affairs of the Board of Supervisors of State-Owned Companies
  • Submitting a proposal to the Ministry of Finance regarding the formation and bill of duties of the employees of the General Directorate of State-Owned Companies after the approval of the Board of Supervisors of State-Owned Companies;
  • Submitting a proposal to the Ministry of Finance regarding the employment, dismissal, suspension of duties, remuneration, or disciplinary approvals of the employees of the General Directorate of State Enterprises of the Ministry of Finance after the approval of the Supervisory Board of State Companies;
  • Participate in taking the writing exam and interviewing the candidates for the positions of General Director of State-Owned Companies of the Ministry of Finance;
  • Perform other duties assigned by the Board of Supervisors of State-Owned Companies.

Employment conditions (level of education and work experience):

  • Has reached the age of thirty (30);
  • Has not been deprived of civil rights by a competent court;
  • Have at least a bachelor’s degree (higher degrees are preferred).
  • Have at least 12 years of experience and competence in the business sector;
  • There should be no conflict of interest in the areas overseen by the Board of Governors of State-Owned Companies.
  • The post of Chief Executive Officer is full-time, and a person who has previously been a government official cannot be appointed as the Chief Executive Officer of the Supervisory Board of State-Owned Companies;

Skills required:

  • Fluency in one of the official languages of the country (Pashto or Dari) and familiarity (writing and speaking) in English
  • Computer skills related to the task.

How to apply

All eligible candidate is required to apply for this opportunity online via the official website that we have mentioned at the support link. if you want to read the complete information in Dari language also find in bellow

Support link

For more information please visit the official website of the Independent Administrative Reform Civil Service Commission