Oyutolgoi directors reminded of their responsibility to nation - News.MN

Oyutolgoi directors reminded of their responsibility to nation

Old News! Published on: 2010.05.26

Oyutolgoi directors reminded of their responsibility to nation

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Г. Нэргүй
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The head of the State Property Committee, D. Sugar, has
told the newly appointed three Oyu Tolgoi LLC Board members from the Mongolian
side that their main responsibility was to ensure maximum profit for the state,
so that it could spend money on national development. This was his first
meeting with N. Bagabandi,  P. Tsagaan,
and Ch. Ganbold since their selection by the Committee for the positions.

He urged them to keep an “alert and watchful” eye on how
money was spent in the project, and to get a grip on the internal mechanism of
running such a big company. Bagabandi, a former Mongolian President, said they
recognized their responsibility and would try their best to meet people’s
expectations. However, they were a minority on the board and would expect
support from the President, the government, and Ministries.

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