UzLiDeP discusses issues of corporate governance in Tashkent
01/05/2015 13:23
UzLiDeP discusses issues of corporate governance in Tashkent
01/05/2015 13:23
Tashkent, Uzbekistan (UzDaily.com) -- Executive Committee of Political Council of UzLiDeP and its faction in the Legislative Chamber of the Oliy Majlis held a practical dialogue titled “The main trends and actual issues of the further development of corporate governance system in Uzbekistan” with the participation of representatives of various agencies and organizations on 1 May 2015.
During the event participants paid special attention to the priorities outlined in the recently adopted Presidential decree “On measures on introduction of modern methods of corporate management in joint stock companies”.
The document was adopted to create favourable conditions for attraction of foreign direct investments, improve efficiency of activities of the joint stock companies, ensure their openness and attractiveness for potential investors, introduce methods of corporate management, strengthen role of joint stock companies in strategic management of enterprises.
The decree envisages more efficient use of production, investment, logistical, financial and human resources in the joint stock company on the basis of international experience.
The participants stressed that to improve the effectiveness of the joint stock company’s activity is necessary to enhance the role of shareholders, including minority shareholders, in the strategic management of the joint stock company and ensuring the control for effective activity of the administrative personnel.
The participants also highlighted that establishment of the joint stock company with foreign capital and creating favorable conditions for them, it will promote to develop and implement new investment projects as well as the further modernization and diversification of economy in the country.
Currently in our country there are about 1100 joint-stock companies. They are making a significant contribution to the implementation of 53 projects to the amount of 4.8 billion dollars in 2015.
During the event, participants made practical suggestions and recommendations to the law “On joint-stock companies and protection of shareholder rights”, in particular, the procedure of collective investment, further strengthening of the deputy and parliamentary control over the implementation of legislative acts.
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