Members of Tajikistan’s lower house (Majlisi Namoyandagon) of parliament have unanimously voted for amendments proposed to the country’s law on state-run enterprises. The amendments, in particular, provide for establishing supervisory boards at the state-owned enterprises (SOEs).
A regular sitting of the Majlisi Namoyandagon, presided over by its head, Shukurjon Zuhurov, took place on October 23.
Presenting the draft amendments to lawmakers, the head of the State Committee on Investment and State-owned Property Management (GosKomInvest), Farrukh Hamralizoda, noted that those measures were aimed at facilitating implementation of the strategy for management of fiscal risks at SOEs designed for 2016-2020.
“In accordance with the current law on the state-owned enterprises, the head of the enterprise acts on the principles of unity of command and decides all issues related to the enterprise operations independently,” said Hamralizoda. “The amendments provide for establishing supervisory boards at SOEs that will provide control and transparency of the financial activities of SOEs.”
According to him, the amendments determine the supervisory board as a management body and a head of enterprise as an executive body.
He noted that members of supervisory boards and heads of enterprises will be appointed by the government
“The supervisory board provides overall management activities of SO, with the exception of issues, which relate to authority of floater (government) and heads of enterprises,” said Hamralizoda. “The supervisory board’s powers include priorities of enterprise’s activities, approval of the annual budget, endorsement of annual budget, reporting and auditor as well as other issues.”
He further added that it was not necessary to establish supervisory boards at all 789 SOEs currently operating in the country.
