Power distribution, transmission, generation companies: Ministry dissolves BoDs

The Ministry of Water and Power has dissolved the existing Board of Directors (BoDs) of all power distribution, transmission and generation companies with immediate effect.
According to an official statement issued by the Ministry on Monday, a latest government decision in the wake of ongoing power sector reforms' execution, and till the notification for the reconstitution of new Board of Directors of Power Distribution/Generation and Transmission Companies, the existing BoDs will cease to function immediately. The new boards are being finalised and will be notified as soon as possible.
The statement further said that as part of the ongoing power sector reforms, the government of Pakistan (GoP) has decided to reconstitute all the BoDs of companies along professional lines in accordance with the guidelines of the Cabinet Committee on Reforms (CCoR), with special emphasis on representation from consumers.
The CCoR guidelines state that the size of the proposed BoDs may range between 8 to 10 members. The proposed names of BoD members of Power Distribution and Generation Companies must contain a right mix of government and private sector professionals with a greater leaning towards the private sector. Regional balance will be observed in the nominations to the boards.
Gender balance will be maintained while making nominations to the boards. The nominees may also reflect a balance in the age of the nominees to the BoDs, with a view to grooming a second generation of private sector persons. At least one member on the BoDs should be a young private sector individual with potential to make his mark in the future. Nominations from the private sector should be made considering the ability of the nominee to devote time.
Ministers/secretaries/government officials will not be nominated as chairmen of the BoDs. The office of chairman BoDs and CEO shall be kept separate. Representation from the administrative Ministry/Division on the BoDs of private sector entities should be restricted to one. The CEOs and one other executive (head of finance) of the PSE will be included in the BoDs.-PR