Everything about Boards of Directors. How does political favoritism manifest itself in the management of state-owned companies?
Everything about Boards of Directors. How does political favoritism manifest itself in the management of state-owned companies?

Author(s): Eugen Ghiletchi
Subject(s): Politics, Business Economy / Management, Political economy, Politics and society, Management and complex organizations, Corruption - Transparency - Anti-Corruption
Published by: EXPERT-GRUP Centrul Analitic Independent
Keywords: political favoritism; management; state-owned companies; corruption;
Summary/Abstract: The proximity of state-owned companies to political factors and economic interest in public assets create a favourable environment for corruption, which justifies a rigorous and uniform approach to everything related to state-owned companies. The State may participate directly in the economic life by means of two legal forms of organisation – state-owned enterprise and joint stock company (hereinafter, the state-owned enterprises and majority state-owned or wholly state-owned joint stock companies will be referred to as state-owned companies, except when a particular legal form is referred to). Although the activity of state-owned enterprises and joint stock companies is governed by separated laws, the management bodies of these companies are largely structured similarly and share the following elements: board of directors, manager/executive body, audit committee.

• Details
• Contents