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Kuwait Minister: Stricter oversight for cooperative society funds
During her inspection tour of the cooperative sector in Kuwait, Minister of Social Affairs, Family, and Childhood, Dr. Amthal Al-Huwaila, emphasized the necessity of strengthening oversight to protect the funds of cooperative society shareholders. She underscored that there should be no leniency regarding any financial or administrative violations that could harm the interests of the shareholders. She clarified that developing this sector is a priority to enhance the regulation of cooperative work and ensure that associations comply with the laws, while also monitoring expenditure and investment to guarantee that resources are directed towards serving the public interest. Additionally, she called for coordination between departments and the unification of procedures to improve the speed of response to observations and efficiently follow up on files. She reaffirmed ongoing efforts to develop the operational system in a way that reinforces principles of governance and integrity.
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