Expressions Of Interest For Consultancy Services Enhancing Competences Of Supervisory Board And Audit Committees In State Owned Enterprises

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22537019
79946
European Bank for Reconstruction and Development EBRD
Expressions Of Interest For Consultancy Services Enhancing Competences Of Supervisory Board And Audit Committees In State Owned Enterprises
ICB
Southern Europe
Balkans,European Union
03-10-2019

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Expressions Of Interest For Consultancy Services Enhancing Competences Of Supervisory Board And Audit Committees In State Owned EnterprisesIn Croatia State Owned Enterprises The Soes Continue Playing A Critical Role In The Economy Approximately 12 Of The Overall Employment 18 Of The Total Turnover And 30 Of Total Assets In Croatia However Croatian Soes Are Typically Less Profitable And More Prone To Loss Making Than Comparable Central And East European Peers Improving Corporate Governance In Soes Has Been Well Recognised As A Priority And Various Efforts Have Been Made To Effect Improvements E G Under The Improving Soes Governance In Croatia Project Which Resulted In Guidelines For The Preparation Of Medium Term Plans For Soes And Standardised Reporting Templates However The Requirements Related To The Composition And Functioning Of Soes Supervisory Boards And Audit Committees Are Very General And Are Not Supported By Clear Operational Guidance Which May Undermine Effectiveness Of These Crucial Corporate Bodies Against This Background The Croatian Authorities Have Requested Support From The European Commission The Ec Under Regulation Eu 2017 825 On The Establishment Of The Structural Reform Support Programme The Srsp Regulation To Enhance The Authorities Capacity And For An Improvement In The Framework For Supervisory Boards And Audit Committees In State Owned Enterprises In Majority Ownership Of The Central Government The Project The Project Is Funded By The European Union The Eu Via The Structural Reform Support Programme And Is To Be Implemented By The Legal Transition The Ltt And Governance Amp Political Affairs The Gpa Teams Of The European Bank For Reconstruction And Development The Ebrd Or The Bank In Cooperation With The European Commission S Structural Reform Support Service The Srss

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