Amendment to the State Property Management Act

At the meeting on Tuesday, the government adopted a draft amendment to the law on the management of state-owned property and some other laws. In the amendment, among other things, the powers and duties of the Prime Minister relating to Treasury companies were extended.

– The project introduces new solutions and correction of certain provisions on the reform of the state property management system, which was introduced on 1 January 2017 – reads the announcement.

In the draft, among others the extent of cases in which the Prime Minister approves – in companies of major importance to the state economy – the voting instructions prepared by an entity authorized to exercise rights in shares belonging to the Treasury or to a legal entity of the State.

Outraged the competence of the head of the government to coordinate the exercise of the powers conferred on the public treasury by the companies has been extended and the competence to strive to ensure a uniform manner of exercising the rights in Treasury shares to all companies owned by the Treasury.

The Prime Minister was also granted general competence to acquire shares on behalf of the Treasury and a request for information on the exercise of the powers conferred on the public treasury by companies and on the activities of companies held by the public treasury with any body or entity that exercises rights in Treasury shares. .

The draft revised the mechanism for the delegation of rights to exercise rights over shares held by the State Treasury (this transfer will be included in the Prime Minister's regulation specifying a list of companies in which other members of the Council of State are active, government plenipotentiaries or state corporations, including: also single-shareholding companies of the State Treasury and the scope of delegated powers has been defined).