Payment of management employees of SOEs
2002-08-23 of the Government of the Republic of Lithuania Resolution No. 1341 “Regarding the salary of managers of state-owned enterprises” list of summary editions by date
The form of information disclosure for MOEs has been approved
Recommendations for institutions
Recommendations for companies
VKC calendar of information provision
Corruption prevention in companies – where to start?
Corruption is perhaps the most sensitive issue in the public sector and at state and municipality-owned enterprises. There are consistent doubts as to whether the enterprises operate transparently and whether they take all necessary steps to ensure that the company operates in accordance with the best standards in the field. In order not only to prevent corruption manifestations, but to prevent the doubts from arising through choosing the right objectives, it is necessary to invoke the best practices in the area and be intolerant when it comes to corruption manifestations.
For advice, we recommend that you contact the professionals in the field, i.e. the Special Investigation Service. We are also ready to help. If you have any questions, please email or give us a call.
We have enclosed the Anti-Corruption Guide designed for the companies by the Special Investigation Service.
The relevance of this matter is also appreciated in the OECD publications. Back in August 2018, the organization published a report on State-Owned Enterprises and Corruption (State-Owned Enterprises and Corruption). This publication addresses the key corruption manifestation risks for SOEs, gives an overview of anti-corruption instruments, and provides guidelines for the state ownership function, i.e. recommendations for what the state can and should do as an active and informed owner. The publication is available in English.
State-Owned Enterprises and Corruption
Corruption is the antithesis of good governance, and it is a direct threat to the purpose of state ownership. This report brings a comprehensive set of facts and figures to the discussion about the corruption risks facing state-owned enterprises (SOEs).
SOE corruption prevention policies
Advanced enterprises clearly and unambiguously declare that they have a zero-tolerance policy towards corruption. Here are a few examples of what kind of corruption prevention policies have been introduced by SOEs.
Please note that corruption prevention does not end with a published document. On the contrary, corruption prevention also involves practical arrangements for anonymous notifications of corruption manifestations to be made as well as clearly declared and respected practices at all levels of corporate governance.
