The State Corporations (Amendment) Bill, 2026

19 Aug 2026 domainNational Assembly No. 58 of 2026 Gazette: Supplement No. 212 of 2026
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Status Timeline

Proposed

Active now

Public Review

Pending

Debate

Pending

Executive

Pending

Final

Pending

1

Three-Year Term Caps on State Corporation CEOs

Amends Section 6 of the State Corporations Act (Cap. 446) to introduce a new subsection (2A). This requires chief executives to serve for a fixed term of three years, with the option for renewal for only one further term.

2

Safe Harbor for Active Chief Executives

Section 3(1) establishes that individuals actively serving as chief executives on the commencement date of the Act shall continue to serve for the unexpired portion of their current terms under their existing terms and conditions.

3

Clarified Process for Early Removal

Section 3(2) ensures that the transitional provisions do not prevent the removal of a chief executive before their term expires, provided there is just cause and the process complies with the Fair Administrative Action Act (Cap. 7L) and the Employment Act (Cap. 226).

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