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Today, the Organization for Economic Co-operation and Development (OECD) has published a review of the governance of companies operating in Lithuania, in which skills, reforms and willingness to implement OECD standards and principles have been positively badessed. […]
According to the Ministry of Economy, in recent years, Lithuania has undergone a number of significant changes in order to increase the efficiency of the management of state-owned enterprises (VĮĮ [[[[[[[[[[[[[[[[[[[[[[[[(((((((((((((((((((((((((((((((((((((((((((((((((())Oneofthemostimportantstepsisthedepoliticizedboardincreasingthenumberofindependentmembersinthecompany'sboardofdirectors2015Attheendoftheyeartherewere63membersofthepoliticaltrustatthebeginningofthisyeartherewasalreadynoonethere2018JuneAccordingtothedatatheboardofdirectorshas113independentmembers
The Ministry of Economy is currently continuing to improve the regulation of the selection of independent board members. The possibility of developing an exemplary agreement on the activities of independent members of the board of directors is examined, and the regulation of the remuneration of members of the board of directors of state enterprises and the companies is unified. The increased efficiency of public enterprises and the transparency of their activities should have a positive impact on the overall Lithuanian economy.
In addition, the reform of the legal forms of public enterprises was undertaken and 66 enterprises 118 were reformed.
Lithuania intends to strengthen the administrative functions and to make the Management Coordination Center responsible for coordinating the implementation of all public management policies of public enterprises. It is also planned to badess in detail the opportunity of the activities of legal entities of the legal form of a state enterprise and seek the optimization of the most appropriate public companies . All planned actions will be evaluated by the OECD in the future.
In early July, Lithuania officially became the 36th member of this organization. OECD membership is recognized as a guarantor of the country's economic stability and credibility, and is taken into account when granting loans to governments for investment planning. long-term. As a member of the OECD, Lithuania will be able to use the latest OECD research and best practices in 35 OECD member countries dealing with specific economic policy issues.
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