The article discusses the establishment of the Slovenia Sovereign Holding (SSH) as central ownership unit for management of state owned companies and compares it with former Agency for State''s Capital Investments (ASCI). The question discussed is whether SSH provides a sound basis for establishing a policy framework consistent with the OECD''s SOE Guidelines. According to the OECD Report 2011 only improvements should be made by the adoption of the draft legislation defining the relationship between the ownership actions of Government and the two state controlled funds - KAD and SOD. The transformation of the pension fund - KAD and the restitution fund - SOD is a complementary reform to the establishment of the new central ownership agency and should be passed as a matter of priority. However, the Government decided otherwise: instead of an agency as an independent state body, a completely new and very different entity was established, namely holding as a controlling company, wish is subject to the Companies Act. According to the OECD Report 2011, an autonomous and independent ownership agency reporting to the parliament and thereby separating the ownership and regulatory functions of government is required. On the other hand it is governed by the Government as the general meeting of shareholders and under the supervision by supervisory council composed partly by the representatives of the government and partly by the representatives of the parliament proposed by political groups of the parliament. The question arises whether in such governance composition of the holding as subject the Companies Act, OECD guidelines referring to separation of property from regulatory rights and independent and disinterested board of directors are accomplished at all.
COBISS.SI-ID: 13327185
The issue researched in this article is, whether the transformation of property relations, the process which has been taking place in the history even before the emergence of Roman law, can be achieved in modern times, by involving other factors of production (as for example work rather than capital) as a foundation for appropriation. Such a transformation would change the contemporary economic paradigm, based on capital as an exclusive foundation for appropriation substantially and would change the society as a whole.
COBISS.SI-ID: 2448851
The key lessons of mass privatization implemented in Central and Eastern Europe are analyzed and presented in this paper. What are the necessary regulatory, institutional and social ingredients which provide incentives for successful restructuring of the firms in transition and what are the essential impediments which may burden the efforts of restructuring? The discussion will be presented on the basis of comparative institutional basis and it will try to provide some of the answers of how to provide more stimulating institutional environment for the future economic development in the context of Europeanization and globalization.
COBISS.SI-ID: 2449107