Minister critical of poor public sector management

The goal of the Ministry of Economy is to introduce corporate management principles and professionalize government companies, says Saša Radulović.

Izvor: Tanjug

Tuesday, 08.10.2013.

17:01

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BELGRADE The goal of the Ministry of Economy is to introduce corporate management principles and professionalize government companies, says Sasa Radulovic. The minister of economy noted that this includes "those that the Privatization Agency is in charge of, because the quality of management in the public sector in Serbia is at a very low level." Minister critical of poor public sector management Training courses in corporate management need to be organized in cooperation with business associations and academic institutions and according to the principles of the OECD, Radulovic said at a meeting entitled Corporate Management Improvement at the Serbian Chamber of Commerce (PKS). The International Financial Corporation (IFC) can be a partner in professionalizing the public sector, he noted. Only a professionalization based on transparent corporate management can solve the piled up problems of government companies, he pointed out. The ministry will also support further improvements in corporate management in the private sector, said Radulovic. PKS President Zeljko Sertic said the experiences of private companies were very useful for improving the public sector, and that investors recognized good corporate management practices as an important parameter in assessing investment risks. The PKS has created a corporate management code and given recommendations for government companies on management professionalization in the public sector, Sertic emphasized. "Good corporate management would allow the government to protect its property better, increase the value of its companies and make them more attractive to strategic partners and investors. It would have a positive effect on budget revenue as well," he added. Sasa Radulovic (Tanjug, file) Tanjug

Minister critical of poor public sector management

Training courses in corporate management need to be organized in cooperation with business associations and academic institutions and according to the principles of the OECD, Radulović said at a meeting entitled Corporate Management Improvement at the Serbian Chamber of Commerce (PKS).

The International Financial Corporation (IFC) can be a partner in professionalizing the public sector, he noted.

Only a professionalization based on transparent corporate management can solve the piled up problems of government companies, he pointed out.

The ministry will also support further improvements in corporate management in the private sector, said Radulović.

PKS President Željko Sertić said the experiences of private companies were very useful for improving the public sector, and that investors recognized good corporate management practices as an important parameter in assessing investment risks.

The PKS has created a corporate management code and given recommendations for government companies on management professionalization in the public sector, Sertić emphasized.

"Good corporate management would allow the government to protect its property better, increase the value of its companies and make them more attractive to strategic partners and investors. It would have a positive effect on budget revenue as well," he added.

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