The objects of the Authority are to

(a) promote within the framework of Government policy, the efficient or where applicable profitable operations of specified entities;

(b) ensure that specified entities adhere to good corporate governance practices;

(c) acquire, receive, hold and administer or dispose of shares of the State in state-owned enterprises and joint venture companies;

(d) oversee and administer the interests of the State in specified entities; and

(e) ensure that

(i) State-owned enterprises and joint venture companies introduce effective measures that promote the socioeconomic growth of the country including, in particular, agriculture, industry and services in accordance with their core mandates; and

(ii) other State entities introduce measures for efficient regulation and higher standard of excellence.