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About SCAC

About SCAC 5

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Goals

The goals of the Committee include to:
1.   Provide advice on the means of creating an enabling environment for resource mobilization by commercial state corporations to minimize  their dependence on exchequer funding;
2.   Ensure that State Corporations adopt best management practices;
3.   Ensure improved performance of State Corporations based on initiation and implementation of performance based contracts;
4.   Reinforce transparency and accountability in the management of State Corporations;
5.   Ensure the development of appropriate terms and conditions of service for staff and officials of State Corporations; and
6.   Act as a catalyst in the process of reform and reorganization of the State Corporations sector.

Values

SCAC is driven by a passion for service excellence through teamwork. In service delivery the Committee pays attention to:
•    Transparency;
•    Efficiency;
•    Integrity;
•    Accountability; and
•    Good corporate citizenship.

It is however write to note that the Committee was dormant between 1991 and 2003 and was re-launched on 28th January 2004 with an added and enhanced mandate to advise the government on how the government can encourage and spearhead the introduction of best corporate governance and management practices in the State Corporations Sector; create an enabling environment.


Presidential Task Force

Monday, 16 February 2015 11:34 Written by

Presidential Task Force on Parastatals Reforms presented its report to H.E. the President of the Republic of Kenya, Uhuru Kenyatta which highlighted major reforms on State Corporations in the country. The President directed that it be implemented within three months, adding that the sector will be rationalized to remove overlaps, duplication and redundancies thereby trimming the current number of State Corporations from 262 to 187, as recommended by the task force

In its report, the taskforce proposed the establishment of a holding company known as Government Investment Corporation (GIC) to oversee the reforms. Among other duties, the corporation will exercise ownership, investment and oversight roles for all State Corporations on behalf of the National Government; this will include the appointment of all board members.

The Task force was co-chaired by President's constitutional affairs adviser Hon. Abdikadir Mohammed and Mr. Isaac Awuondo, the CEO of the Commercial Bank of Africa. Other members of the task force included Dr Kamau Thugge (PS National Treasury), Mugo Kibati (former Vision 2030 CEO), Korir Sing'oei (Deputy President's Office), Stella Kilonzo (Private Sector), Angalie Mediratta (private sector), Nelson Kuria (CEO CIC Group), Carole Kariuki (CEO KEPSA) and Edward Burbidge (CEO Burbidge Capital Ltd).


The Taskforce undertook;
•    A review of the legal, institutional and governance frameworks;
•    An assessment of performance, capacity and capabilities of State Corporations to discharge their mandates;
•    Alignment of the sector to the Constitution of Kenya, 2010; and
•    A review of structural arrangements to enhance their contribution to national development.


It made wide-ranging recommendations for reforms. These included developing the first-ever comprehensive inventory of State Corporations; introduction of new definitions and classifications of State Corporations; renaming the entities formerly known as parastatals to Government Owned Entities (GOEs); and introduction of “Mwongozo”, a new Code of governance for Boards of GOEs. Significantly, the Taskforce also developed a framework for establishment of the National Sovereign Wealth Fund to prepare Kenya’s economy for impending growth of extractive industries and corresponding state initiatives for economic stabilization, sector development and savings for future generations.

The common objectives of establishing a NSWF are to;
1.    Protect and stabilize the budget and economy from excess volatility in revenues/exports;
2.    Diversify from non-renewable commodity exports;
3.    Assist monetary authorities sterilize unwanted liquidity;
4.    Increase savings for future generations;
5.    Fund social and economic development;
6.    Enhance sustainable long term capital growth; and
7.    Promote strategic and political objectives.

Overall, the reforms will provide greater cohesiveness in service delivery by Government and increase its preparedness for economic management of natural resources whose exploitation is expected to accelerate in the medium term.
The underlying philosophy of the reforms is the urgent need, inter alia, for scaling up efficiency, effectiveness and accountability of parastatals by re-clustering activities of every sector into policy, development and promotion, regulation and research.
The reforms introduce a consistent policy, legal and institutional framework on governance, management and accountability of GOEs.


These include:
1.    Separation of commercial activities from the non-commercial roles of policy making, regulation and service delivery;
2.   Clear definitions and classification of State Corporations undertaking commercial functions from State and County Agencies that discharge executive, regulatory and service delivery mandates;
3.  Development of a single, overarching policy, legal and institutional framework for governance, management and oversight of State and County Corporations and Agencies as proposed under The Government Owned Entities Bill, 2014;
4.   Establishment of Government Investment Corporation (GIC) as an investment holding company to exercise ownership and professional management oversight over commercial State Corporations on behalf of the National Treasury;
5.    Establishment of the National and Country Agencies Oversight Office (NACAOO) to coordinate National and County Agencies;
6.    Rationalizing and consolidating State Corporations and Agencies to ensure they address national development priorities, including Vision 2030; and
7.    Establishment of National Sovereign Wealth Fund (NSWF) as proposed under The National Sovereign Wealth Fund Bill, 2014.


 Click on link below to download & read the entire report attached herewith for more information


Our Statutory functions

• Review and investigate the affairs of State Corporations and make such recommendations to the President as it  may deem fit.

• In consultation with the Attorney General and the Treasury, Advice the President on the establishment, re-organization or dissolution of State Corporations.

• Where necessary, advice on the appointment, removal or transfer of officers and staff of State Corporations, the secondment of public officers to the state corporations and the terms and conditions of any appointment, removal, transfer or secondment.

• Examine any management or consultancy agreement made or proposed to be made by a State Corporation with any other party or person and advise thereon.

• Examine proposals by State Corporations to acquire interests in any business or to enter into joint ventures with other bodies or persons  to undertake new business or otherwise expand the scope of the activities and advise thereon.


Mission & Vision

Monday, 16 February 2015 10:12 Written by

Mission, Vision, Goals and Values

During the first term in office SCAC firmed up its mandate and articulated its mission, vision and goals.

Mission

To provide leadership in development and implementation of systems and procedures for ensuring efficient management of State Corporations

Vision

To be the preferred facilitator for the development of dynamic and vibrant State Corporations that contribute meaningfully to the development of the country in a sustainable and cost effective manner


Mandate

Monday, 16 February 2015 10:11 Written by

SCAC draws its mandate from section 26 & 27 State Corporations Act, Chapter 446, which states:

"26. (1) There shall be a Committee to be known as the State Corporations Advisory Committee which shall consist of-
(a) a chairman to be appointed by the President;
(b) the Permanent Secretary to the Treasury;
(c) the Director of Personnel Management;
(d) the Inspector-General (Corporations);
(e) eight other members appointed by the President.


(2) The Committee may co-opt any person for such purpose and for such period as it may determine.
(3) The President shall appoint a public officer to be secretary to the Committee.
(4) Subject to directions by the President, the Committee shall determine its own procedure.
(5) The members and the secretary of the Committee shall be paid out of public funds such remuneration and in such manner as the President may approve.

27. (1) The Committee shall advise on the matters and perform any functions it is required by this Act to perform and in addition shall-
(a) with the assistance of experts where necessary, review and investigate the affairs of state corporations and make such recommendations to the President as it may deem necessary;
(b) in consultation with the Attorney-General and the Treasury, advise the President on the establishment, reorganization or dissolution of state corporations;
(c) where necessary, advise on the appointment, removal or transfer of officers and staff of state corporations, the secondment of public officers to state corporations and the terms and conditions of any appointment, removal, transfer or secondment;
(d) examine any management or consultancy agreement made or proposed to be made by a state corporation with any other party or person and advise thereon;
(e) examine proposals by state corporations to acquire interests in any business or to enter into joint ventures with other bodies or persons or to undertake new business or otherwise expand the scope of the activities and advise thereon."

 

Ref: State Corporations Act, Chapter 446
       Revised Edition 2012[2010]

 

 


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