By Muhsin Masoud
Last week’s part of this series ended by highlighting procedures that are usually followed in state-owned firms in getting approval of organisational structures.
Other lengthy processes in state-owned firms are employment procedures. In private entities, boards usually approve budgets for new employees alongside annual budgets and the responsibility for recruitment is entirely left to the management, which is accountable for the employees they hire.
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Governance changes key to sustaining state-owned firms – 1
