Document from CIS Legislation database © 2003-2020 SojuzPravoInform LLC

ORDER OF THE GOVERNMENT OF THE KYRGYZ REPUBLIC

of May 27, 2020 No. 274

About questions of selection and promotion by state bodies of candidates for positions of members of governing bodies of economic societies with the state share

For the purpose of enhancement of corporate management in economic societies with the state share, according to articles 10 and 17   of the constitutional Law of the Kyrgyz Republic "About the Government of the Kyrgyz Republic" the Government of the Kyrgyz Republic decides:

1. Approve:

Regulations on the state representatives in governing bodies of economic societies with the state share according to appendix 1;

- Procedure for selection, promotion of members of governing bodies of economic societies with the state share according to appendix 2.

2. Recognize invalid:

1) the order of the Government of the Kyrgyz Republic "About measures for increase in system effectiveness of management of economic societies with the state share" of July 20, 2012 No. 513;

2)  the order of the Government of the Kyrgyz Republic "About modification and amendments in  the order of the Government of the Kyrgyz Republic "About measures for increase in system effectiveness of management of business entities with the state share" of July 20, 2012 No. 513" of January 30, 2013 No. 41;

3) the order of the Government of the Kyrgyz Republic "About the new principles of forming and use of reserve of personnel of candidates for positions of members of the boards of directors, audit committees and secretaries of economic societies with the state share" of December 19, 2014 No. 716;

4)  the order of the Government of the Kyrgyz Republic "About entering of amendment and change into  the order of the Government of the Kyrgyz Republic "About measures for increase in system effectiveness of management of economic societies with the state share" of July 20, 2012 No. 513" of June 17, 2014 No. 338;

5)  the order of the Government of the Kyrgyz Republic "About modification and amendments in  the order of the Government of the Kyrgyz Republic "About the new principles of forming and use of reserve of personnel of candidates for positions of members of the boards of directors, audit committees and secretaries of economic societies with the state share" of December 19, 2014 No. 716" of May 8, 2015 No. 279.

4. This resolution becomes effective from the date of official publication.

5. To impose control of execution of this resolution on department of economy and investments of Government office of the Kyrgyz Republic.

Acting as Prime Minister, first vice-Prime Minister of the Kyrgyz Republic

K. Boronov

Appendix 1

to the Order of the Government of the Kyrgyz Republic of May 27, 2020 No. 274

Regulations on the state representatives in governing bodies of economic societies with the state share

1. General provisions

1. This Provision determines tasks, functions, the rights and obligations of the state representatives in governing bodies of economic societies with the state share, procedure for their interaction with the principal, conditions of promotion and dismissal.

This Provision does not extend much selection, promotion and implementation of powers of independent board members.

2. For the purposes of this provision the following terms and determinations are used:

the state representative - the person elected or appointed in governing bodies of economic society according to the offer of authorized body in the sphere of management of state-owned property or Social fund of the Kyrgyz Republic;

the principal - authorized body in the sphere of management of state-owned property or Social fund of the Kyrgyz Republic;

the register of the state representatives dismissed on the negative bases - the register of persons holding positions of members of governing bodies of economic societies with the state participation which powers were stopped for unsatisfactory work, in connection with loss of trust, or on other discrediting bases created by authorized body;

industry state body - the state body supervising questions of development and realization of policy in the sphere corresponding to profile of activities of economic society;

authorized body - authorized state body in the sphere of management of state-owned property;

economic society - joint-stock company or limited liability company in which the state holds shares or share in the authorized capital.

2. Tasks and functions of the state representative

3. Tasks of the state representative in the board of directors are protection of the rights and interests of the company, state as shareholder (participant), realization of industry state policy in the relevant sectors of economy, implementation of strategic planning, forming and promotion of strategic objectives and policy of economic society.

Warning!!!

This is not a full text of document! Document shown in Demo mode!

If you have active License, please Login, or get License for Full Access.

With Full access you can get: full text of document, original text of document in Russian, attachments (if exist) and see History and Statistics of your work.

Get License for Full Access Now

Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info

Effectively work with search system

Database include more 40000 documents. You can find needed documents using search system. For effective work you can mix any on documents parameters: country, documents type, date range, teams or tags.
More about search system

Get help

If you cannot find the required document, or you do not know where to begin, go to Help section.

In this section, we’ve tried to describe in detail the features and capabilities of the system, as well as the most effective techniques for working with the database.

You also may open the section Frequently asked questions. This section provides answers to questions set by users.

Search engine created by SojuzPravoInform LLC. UI/UX design by Intelliants.