Energy, Latvia, Legislation, Markets and Companies, Transport

International Internet Magazine. Baltic States news & analytics Sunday, 15.06.2025, 05:57

Latvian government approves creation of supervisory boards for large state-owned companies

BC, Riga, 29.03.2016.Print version
The government in Latvia on March 29th endorsed the creation of supervisory boards for Latvia's largest state-owned enterprises by the end of 2016, informs LETA.

Supervisory boards for Latvijas Valsts Mezi, Latvijas Dzelzcels, Latvijas Pasts, Riga International Airport and Latvijas Autocelu Uzturetajs have to be appointed by May 31, 2016, and the supervisory board of Latvenergo has to be appointed by September 30, 2016.

 

Supervisory boards for Valsts Nekustamie Ipasumi, Augstsprieguma Tikls, Latvijas Loto, Celu Satiksmes Drosibas Direkcija, Latvijas Gaisa Satiksme and Pasazieru Vilciens have to be appointed by December 31, 2016.

 

The Cross-Sectoral Coordination Center explained that under the existing law supervisory boards will be appointed to state-owned companies reporting over EUR 21 million in annual turnover or a balance sheet worth more than EUR 4 million for 2015.

 

The supervisory boards have to be appointed in line with a recommendation provided by the Organization for Economic Co-operation and Development (OECD).





← Back↑ Up

Русский
Search site