| Jordan: Integrity Scorecard Report > Sub-Category: State-Owned Enterprises | ||
| Indicators | Score | |
| 67 | In law, is there an agency, series of agencies, or equivalent mechanism overseeing state-owned companies? | 0 |
| 68 | Is the agency, series of agencies, or equivalent mechanism overseeing state-owned companies effective? | 0 |
| 69 | Can citizens access the financial records of state-owned companies? | 40 |
Indicator and sub-Indicator Details
| 67 | In law, is there an agency, series of agencies, or equivalent mechanism overseeing state-owned companies? | |||||||
| 67: In law, is there an agency, series of agencies, or equivalent mechanism overseeing state-owned companies? | ||||||||
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Comments: The Jordanian Foundation for Investment, which is the government body that oversees its investments, was abolished recently. However, each state-owned company has its assigned representative by the cabinet. Thus there is no clear mechanism for overseeing state-owned companies. References: Law for Abolition of The Jordanian Foundation for Investment #43/2008 [ LINK ]
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| 68 | Is the agency, series of agencies, or equivalent mechanism overseeing state-owned companies effective? | |||||||
| 68a: In law, the agency, series of agencies, or equivalent mechanism overseeing state-owned companies is protected from political interference. | ||||||||
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Comments: There are no such provisions in law. There are no such agencies. Most state-owned companies were privatized. References: Constitution [ LINK ]
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| 68b: In practice, the agency, series of agencies, or equivalent mechanism overseeing state-owned companies has a professional, full-time staff. | ||||||||
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Comments: There are no such agencies. Most state-owned companies were privatized. References: Interview with Dr. Mohamad Thnebat, former Minister of Administration Development, Amman Jan. 10, 2009
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| 68c: In practice, the agency, series of agencies, or equivalent mechanism overseeing state-owned companies receives regular funding. | ||||||||
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Comments: There are no such agencies; most state-owned companies were privatized. References: Interview with Dr. Mohamad Thnebat, former Minister of Administration Development, Amman Jan. 10, 2009
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| 68d: In practice, when necessary, the agency, series of agencies, or equivalent mechanism overseeing state-owned companies independently initiates investigations. | ||||||||
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Comments: There is no such mechanism in practice, and thus there are no effective investigations. References: Interview with Dr. Mohamad Thnebat, former Minister of Administration Development, Amman Jan. 10, 2009
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| 68e: In practice, when necessary, the agency, series of agencies, or equivalent mechanism overseeing state-owned companies imposes penalties on offenders. | ||||||||
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Comments: There are no such agencies. Most state-owned companies were privatized. References: Interview with Dr. Mohamad Thnebat, former Minister of Administration Development, Amman Jan. 10, 2009
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| 69 | Can citizens access the financial records of state-owned companies? | |||||||
| 69a: In law, citizens can access the financial records of state-owned companies. | ||||||||
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Comments: There are no such provisions in law. References: Interview with Dr. Mohamad Thnebat, former Minister of Administration Development, Amman Jan. 10, 2009
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| 69b: In practice, the financial records of state-owned companies are regularly updated. | ||||||||
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Comments: All big companies, including state-owned ones, publish their annual financial reports. References: Interview with Dr. Mohamad Thnebat, former Minister of Administration Development, Amman Jan. 10, 2009
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| 69c: In practice, the financial records of state-owned companies are audited according to international accounting standards. | ||||||||
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Comments: The financial records of companies in which the government owns 50 percent or more of the shares are audited by the Audit Bureau. All large companies should have independent auditors audit their annual financial records according to the international accounting standards adopted in the country. References: Audit Bureau Law #28/1952 [ LINK ] Companies Law # 22/1997 [ LINK ] Interview with Dr. Mohamad Thnebat, former Minister of Administration Development, Amman Jan. 10, 2009
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| 69d: In practice, citizens can access the financial records of state-owned companies within a reasonable time period. | ||||||||
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Comments: The public cannot access the financial records of state-owned companies. References: Interview with Dr. Mohamad Thnebat, former Minister of Administration Development, Amman Jan. 10, 2009
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| 69e: In practice, citizens can access the financial records of state-owned companies at a reasonable cost. | ||||||||
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Comments: The public cannot access the financial records of state-owned companies. References: Interview with Dr. Mohamad Thnebat, former Minister of Administration Development, Amman Jan. 10, 2009
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