Improvement of corporate management discussed in Uzbekistan
07/03/2015 13:41
Improvement of corporate management discussed in Uzbekistan
07/03/2015 13:41
Tashkent, Uzbekistan (UzDaily.com) -- A roundtable, organized by World Bank Country Office in Uzbekistan and International Finance Corporation, on improving corporate management and privatization of enterprises with the state share was held in Tashkent on 5 March 2015.
Representatives of ministries and departments, enterprises and organizations of Uzbekistan, experts of the World Bank and IFC participate in the event.
At the session of the Government dedicated to 2014 results and 2015 priorities, Uzbek President said that it is necessary to improve corporate management in Uzbekistan and decrease state share in economy.
Uzbek leader entrusted state bodies to assess state presence in economy and decrease it to strategic and economically sound levels and increase share of private sector in economy.
State Competition Committee works on studying foreign experience in this direction and plans to introduce modern standards of corporate management and improve skills of managers via organizing trainings, improve mechanisms on protection of minority shareholders, etc.
Currently, Uzbekistan works on developing a programme on privatization of the state property for 2015-2016, which envisages decreasing state presence in real economy via selling state assets to private sector, expanding operations at stock market and attracting private investors to exchange market.
At the roundtable, the participants discussed management of state property and experience of Korea, Germany and Malaysia in this direction, corporate management at the enterprises with state share, etc.
The participants also discussed privatization process and attraction of foreign and local investors, decreasing risks at privatization process, and other issues.
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