State Owned Enterprises Management (LV0014)
Overview
At-a-Glance
Action Plan: Latvia Action Plan 2012
Action Plan Cycle: 2012
Status:
Institutions
Lead Institution: Corruption Prevention and Combating Bureau
Support Institution(s): State Revenue Service, Ministry of Economy
Policy Areas
Private SectorIRM Review
IRM Report: Latvia IRM Progress Report 2012-2013
Early Results: No IRM Data
Design i
Verifiable: No
Relevant to OGP Values: Yes
Ambition (see definition): High
Implementation i
Description
To reduce political influence and put an end to politicising daily administrative decisions, a state shareholdings management concept and related regulations will be drawn up. The current draft concept addresses the model of managing state shareholdings and offers to introduce corporate governance at state-owned companies, including the transparency of information, dividend policy, the policy of motivational remuneration, appointing the members of company administration bodies, setting commercial targets and evaluating results.