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World Bank to offer corporate management course to directors of Belarusian state enterprises

Economy 12.02.2019 | 19:29

MINSK, 12 February (BelTA) – An educational course on basics of corporate management of state enterprises will take place in Belarus on 18-22 February. The course has been arranged by the World Bank, the press service of the State Property Committee of Belarus told BelTA after the committee's top officials met with World Bank representatives.

The educational course targets representatives of the state sitting on boards of directors of state enterprises. Representatives of the State Property Committee of Belarus are also expected to take part in the course.

The meeting of representatives of the State Property Committee of Belarus and the World Bank focused on matters concerning the enterprises belonging to the State Property Committee system, in particular, their management, introduction of corporate management practices, reporting procedures, and functions performed by supervisory boards. The sides also discussed the concept for and consequent steps of the State Property Committee meant to improve the administration of state enterprises.

The World Bank intends to update the analytical report on Belarus, which was prepared back in 2015. Close attention will be paid to the restructuring of state enterprises and the separation of functions of the state as a regulator and an owner. Attention will also be paid to legislation changes concerning the management of state-owned assets.

First Deputy Chairman of the State Property Committee Aleksei Vasilyev noted that the committee had started restructuring state enterprises by seeing to OAO Managing Company of the Holding Company Belavtodor first. Plans have been made to set up the first state corporation on the basis of this enterprise and other organizations of the State Property Committee – the managing company of the holding company Belresursy and RUP Real Estate Appraisal Institute. This state corporation will take over the committee's functions in managing assets of these enterprises.

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