Sunday, February 28, 2016

Treasury Minister warns CEOs, members of management and supervisory boards – Onet.pl

“By the end of my presence in the Ministry of Treasury, if it is given to me later to work in corporate governance, to the end of my presence in corporate governance, no member of the supervisory board, no president and no management can not be calm and sure that, regardless of its operations, its function or job, the position is sacrosanct, inviolable “- he stressed the head of Treasury on Friday at a press conference summing up the 100 days of the government of Law and Justice.

as he said the situation in which the presidents of the State Treasury companies treat them as “his principality, (…) areas of authority and They did not have to reckon with the will of the owner (…) to adapt to the implementation of economic programs of the government came to an end. ” “It bezhołowie, because it is you have to call it, is treating the Treasury as their own baronies, duchies – ended. Appealing and the appointment of supervisory boards and all statutory bodies of Treasury companies is possible at any stage, depending on how we will be judged their effectiveness, reliability, professionalism in implementing the government program, “- he stressed.

Jackiewicz explained that the implementation of the this is what you need vocation holding company, which will allow the presidents of state-owned companies pursue state interests without bearing the consequences of the commercial companies Code. “We put before those companies with new tasks. They must also perform the interests of the owner, the economic interests of our country” – he stressed.

the new entity, to be built – as announced by the Minister of Treasury no later than the middle of next year – will be the most important company SP. Among them, the minister mentioned: KGHM, Grupa Azoty, LOT Polish Airlines, PKO BP, PZU. He said, will also be there can group related to the energy sector, which will depend on the cooperation with the minister of energy. “The main purpose of this entity will care for the increase in value of the Treasury,” – he stressed.

“The assets will serve the elaboration of common profit. We want to be treated as one large capital group companies of the Treasury. We will be urged, through the establishment of appropriate regulation and through appropriate selection of personnel to ensure that the boards of the authorities of these companies have worked together to strengthen through mutual provision of a service, mutual shopping, treat each other as a priority service. a large group of capital Treasury is the goal that we set ourselves, that is our main priority, “- he said.

Holding – he said – is to replace the Ministry of SP, which will be liquidated. He explained that the legal formula of this entity is not yet “defined more closely.” “It will be presented at the end of the first quarter. We want to replace (Ministry of Treasury), the institution that will focus solely on corporate governance. At the moment we are at the final stage of the development objectives of the Act, which will establish such a body,” – he stressed.

As said the head of Treasury, “a modern, effective supervision is meant to seal a number of areas in which there have the pathology. ” “One of these areas is a way of remunerating executives, CEOs, board members, supervisory board. Coming soon, in the next few weeks, daylight will see a bill that establishes a new, efficient, fair and adequate to the capabilities of individual enterprises way of remuneration” – he said.

“it will distinguish between entities due to the number of employees, the tasks that stand before such an entity will be conditioned the payment of bonuses earned from real effects of the implementation of investment programs, skills management of the company in such a way as to bring it revenues, dividends, profits and that, above all, was a competitive player in the market. We will end this pathology, it is today bypass Cap Act, (…) which creates a variety of temptations for managers and management companies of the Treasury, “- he added.

Head of SME referred to Thursday’s general meeting of shareholders of PKO BP, which has introduced proposed by SMEs, changes in the statute of the bank. Their goal is to introduce the independence of the supervisory board in the evaluation and appointment of board members. “Other changes in the statutes do not foresee” – said Jackiewicz.

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