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Quality, not quantity of state-run companies on stock exchange matters
BC, Vilnius, 16.11.2018.
Print version
Print versionThe governance of state-run companies will become more transparent and their activities will be more effective if they are listed on the stock market, Masamichi Kono, deputy secretary general at the Organization for Economic Co-operation and Development, told the Lithuanian Verslo Zinios business daily, citing LETA/BNS.
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"The stock market inclusion of such companies is one of
the measures to improve their governance. It helps to improve the company's
accountability to shareholders, improve their managers' communication with the
public," he said.
In his words, the quality, not the quantity, of such
companies on the stock market is what matters the most: "I would suggest
listing companies if you want to increase their efficiency, transparency and
attract capital".
The OECD deputy secretary general also said that direct
foreign investment in Lithuania helps to introduce innovative production and
innovative services in the country.
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