“Stop acting practice with U.D. for strategic positions in public enterprises”

“Stop acting practice with U.D. for strategic positions in public enterprises”

The CorrWatch Initiative has expressed concerns about recent developments about the process of functioning the chief executive position in public companies such as KEK and Trepca with task manager. CorrWatch points out that he is carefully conveying the frequent changes of selection for the position of Chief Executive in Public Enterprises with special focus [...]

CorrWatch points out that he is carefully conveying the frequent changes of selected for the position of Chief Executive in Public Enterprises KEK and Trepca.

It is unacceptable for these companies, which due to the operating sectors, as well as their economic importance, to operate with task manager”.

Subtitles: The code clearly states that “chief executive chief is the most important position in connection. This is the person who should lead the top managers and so in collective terms, they manage. To succeed in implementing the business plan”. Beyond that, the Code clearly defines a host of responsibilities and interconnected competencies to this position. Among them, the chief chief must be provided for the drafting of strategic targets, ensuring the company's lucrative growth, and achieving business objectives”.

The failure of a full mandate as defined by the Law on Public Enterprises and the Code has had its consequences in managing the work of public enterprises which have been reflected in failure to achieve strategic goals and the fulfilment of the business plan”.

The exercise of the chief executive task without a full mandate puts economic operation at risk not only for companies in question, but also for the economy in general due to critical sectors of the operation of these two companies. Through these movements, a poor practice of corporate governance is being developed, which can have major consequences for the country's” economy.

Through this reaction, CorrWatch requires full mandate selection of KEK and Trepca Executive Chief,

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