Public Enterprises (PEs) play a central role in delivering essential services, supporting national development priorities, and sustaining economic growth. Effective governance and strong leadership are therefore critical to ensuring that these entities operate with integrity, efficiency, and accountability, while creating long-term value for the people of Seychelles.
This page provides an overview of the governance framework that guides PEs, as well as the leadership principles that underpin their performance.
The governance of Public Enterprises (PEs) in Seychelles is anchored in the Public Enterprises Act, 2023 (PE Act), supported by national standards of transparency, accountability, and responsible management of public resources.
The Public Enterprise Monitoring Commission (PEMC) plays a key oversight role, ensuring that PEs meet statutory obligations, uphold good governance practices, and remain aligned with national policy objectives.
The framework promotes:
- Transparency in decision-making
- Accountability to government and the public
- Sound financial management and sustainability
- Efficiency and value for money
- Ethical conduct and integrity
- Alignment with national development priorities and the SDGs
Public Enterprises are governed through a dual leadership structure:
The Board provides strategic direction, ensures effective oversight of management, and safeguards the long-term interests of the entity. Its responsibilities include:
- Setting strategic goals and policies
- Overseeing financial and operational performance
- Ensuring compliance with legislation and governance standards
- Managing key risks
- Upholding ethical leadership and responsible stewardship
Board members are appointed by the Office of the President as per Section 57 of the PE Act.
The CEO leads the day-to-day operations and ensures that the Board’s decisions and strategic priorities are effectively implemented. Key responsibilities include:
- Driving operational performance
- Leading and managing staff
- Ensuring service delivery excellence
- Maintaining financial discipline
- Engaging stakeholders and customers
- Promoting innovation and continuous improvement
CEOs are appointed through a competitive process as per Section 75 of the PE Act.