Section 22, The National Commission for Privatisation Act, 2002

(1) In order to secure the efficient and profitable operations of newly divested as well as existing and new businesses, the Commission shall pursue the establishment and maintenance of a clear, transparent and fair legal and regulatory framework designed to enhance the competitiveness of all public enterprises and to create a level playing field which will ensure that all enterprises, whether domestic, foreign, new or old will benefit from and be subjected to the same laws and regulations. (2) The Commission shall also ensure that public enterprises maintain excellent standards of corporate governance and that the Government, as shareholder, shall always be fully informed of the status of operations. [Margin: Proceeds of privatisation to be paid into Consolidated Fund.]