Corporate governance – new management system in business entities
19/03/2016 14:28
Corporate governance – new management system in business entities
19/03/2016 14:28
Tashkent, Uzbekistan (UzDaily.com) -- UzLiDeP in Kashkadarya region held a “round table” on “Corporate Governance Code is an important factor in increasing the efficiency of management in joint-stock companies”.
The event was attended by representatives of the Regional Council of Farmers, the regional department of the State Committee of the Republic of Uzbekistan for privatization, de-monopolization and development of competition and media.
According to experts the introduction of the advanced international standards of corporate management related to production, foreign trade and investment processes, formation of new corporate entities to replace the old, outdated management practices are topical for today. For this reason, "Corporate Governance Code" was developed and adopted on the basis of legislation of the Republic of Uzbekistan and the international principles of corporate governance.
- Today, the adoption of the Decree of the President of Uzbekistan Islam Karimov “On measures for the introduction of modern methods of corporate governance in joint stock companies” dated April 24, 2015 gave a new impetus in attracting foreign investment, and improve the efficiency of joint-stock companies, - said expert Z. Ismoilov.– Based on this decree 77 joint-stock companies were inspected, 47 of them were made structural changes, 4 of them were eliminated and 26 were reorganized. In addition 29 heads of stock companies have been tested and 6 of them have been trained to study of international experience in Germany.
At the end of the event, participants received answers to all their questions from experts.
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