section_path: Parliamentary committees/Committee on public organisations, banks, public utility enterprises and social security agencies
section_name: Committee on public organisations, banks, public utility enterprises and social security agencies
paragraph_text: Committee on public organisations, banks, public utility enterprises and social security agencies
  
  At the onset of each parliamentary term the speaker institutes the committee which operates for the entire duration of the parliamentary term, including the period between sessions. The committee gives its opinion on the suitability of nominations or renewal of terms in office for chairmen and managing directors serving at public enterprises, banking institutions, public utilities enterprises and social security agencies. The committee may invite anyone of the aforementioned individuals for a hearing six months after they have been appointed or a semester after they last appeared before it.