State Companies Are Under the Spotlight

The Economy Minister Ehsan Khandouzi said improving financial transparency and accountability is a key priority of his ministry.  
In a talk with state TV late on Sunday, Khandouzi said all state and government-controlled companies, including banks and insurance firms, should publish their financial statements to the public within a month.
“As minister, I am committed to make banks, state companies and insurance firms accountable for mismanagement.”
Obliging companies to regularly publish financial reports is one of the key tools for assessing the performance (or lack of it) of managers of state-run companies, he noted.
State companies are obliged to publish financial data online similar to Codal system, which is an information platform through which stock market companies publish financial data.