Government Emergency Ordinance no. 109/2011 on the Corporate Governance of Public Enterprises

Ordonanţa de urgenţă a Guvernului nr. 109/2011 privind guvernanţa corporativă a întreprinderilor publice

Overview

Establishes ownership and governance rules for state-owned enterprises (board selection, transparency, separation of ownership and policy, multi-annual management plans). PIM relevance: SOEs deliver a major share of public investment in transport and energy, so their governance regime conditions how that investment is planned and executed.

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