Chief Executives Officers (CEOs) of commercial State corporations who fail to surrender 80 percent of profit after taxation, face sanction after the Presidential Order was included in performance indicators for the current financial year ending June 2025.
The Performance Contracting Guidelines for the financial year 2024/25, which were issued to Principal Secretaries (PSs) last Friday, have modified the policy on dividends to be remitted to the exchequer to include the Presidential directive issued in late March.
