The Resolution approves 4 key documents regarding state property management:
- State Property Policy – defines goals and principles of managing state-owned enterprises, their categorization, privatization procedure, corporate governance, etc.;
- Remuneration Policy for State Enterprise Executives – establishes principles and methodology for determining executive salaries;
- Remuneration Policy for Supervisory Board Members – regulates compensation for supervisory board members;
- State Dividend Policy – determines the procedure for dividend payments by state-owned enterprises.
Key provisions:
- A clear categorization of state-owned enterprises is introduced, with criteria for their privatization/retention in state ownership;
- Corporate governance principles are established in accordance with OECD standards;
- The procedure for forming supervisory boards and requirements for their members are defined;
- The compensation system for management and supervisory board members is regulated;
- A minimum dividend allocation of 75% of net profit is established.
The document aims to improve the efficiency of state-owned enterprise management and align the corporate governance system with international standards.
