MND studying town council framework to see how to better protect public funds: Khaw
Published on Mar 3, 2014 1:15 PM
The National Development Ministry (MND) is studying the town council framework to see what can be done to ensure better protection of public funds, said its minister Khaw Boon Wan on Monday.
Town councils are entrusted to deliver essential municipal services and manage large sums of public monies, he noted in Parliament.
And while residents can hold their town councils to account in areas such as estate cleanliness and maintenance at elections, it is difficult for them to exercise effective oversight in other areas such as financial management, he added.
Mr Khaw was replying to Chua Chu Kang GRC MP Alvin Yeo, who had asked what measures are available to the ministry to protect residents' interests, should town councils fail to observe good corporate governance and responsible accounting practices.
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