Tag: Statutory Authorities and Government Companies

Auditor general warns SAGCs are under strain

Auditor general warns SAGCs are under strain

| 23/01/2018 | 57 Comments
(CNS): Well over half of all statutory authorities and government companies that are managed as autonomous public sector entities are running at a loss and under considerable strain, the auditor general has warned. Sue Winspear said more than eight SACGs had ended the last five years with deficits i [...]

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Bill outlaws CIG board conflicts

Bill outlaws CIG board conflicts

| 11/01/2017 | 26 Comments
(CNS): The Public Authorities Bill, 2016, which is expected to go before legislators over the next few weeks when parliament meets for the last time before the General Election, will, if passed, outlaw conflicts of interest for board members. The new legislation will standardise statutory authoritie [...]

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‘Runaway’ SAGCs must be controlled

‘Runaway’ SAGCs must be controlled

| 02/03/2016 | 13 Comments
(CNS): The Cayman Islands Government is failing to control statutory authorities and government companies (SAGCs), which should be controlled through ownership agreements, but the budget documents that set out the annual deal between core government and the semi-autonomous entities are not being p [...]

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