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Estonia · Law · SE

455

State Property Act Amendment Act

avaldatud riigiteatajasEstonia· Riigikogu· ET

Introduced

4 May 2017

Last action

19 June 2017 · Accepted

Status

AVALDATUD_RIIGITEATAJAS

Sponsors

Märt Sults, Vabariigi Valitsus

Subjects

Discovery layer

Source updated

19 June 2017

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Summary

The draft brings the selection of board members of state-owned enterprises to the level of law through the nomination committee. In order to ensure the stability and greater independence of the nomination committee's work, it is necessary to establish a regulation that creates the possibility for it to act as a permanent body. In connection with this, the right of the Minister of Finance to appoint half of the state representatives to the boards of state-owned companies is cancelled. The obligation of the Minister of Finance to regulate with the participation of the state will also be abolished the limits of the fees paid to members of the supervisory board of companies. In the future, state-owned companies will be able to pay subsidies for their field of activity only for development and research activities. Larger state companies will follow the information disclosure rules of listed companies

Machine translation from Estonian. The official text remains authoritative.

Timeline

  1. 4 May 2017

    AVALDATUD_RIIGITEATAJAS

    Source: SE

  2. 19 June 2017

    Accepted

Votes

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Versions

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Documents

26 official files

Lõpptekst bdoc

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Sponsors

Related records

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Sources

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