The objective of this reform is to improve the governance of state-owned enterprises. To that end, the Council of Ministers shall adopt: • a state ownership policy, which shall include the justification and the objectives for the participation of the state in state-owned enterprises (SOEs), as well as the role of the state in the management of SOEs and in the implementation of the policy; • annual summary reports on the activities of state-owned enterprises as of the year 2020; • a transformation program for statutory state-owned enterprises based on the analysis of the nature of their activities - primarily commercial or public functions. In addition, the Public Enterprises and Control Agency shall adopt a report assessing and confirming the compliance of the composition of boards of large state-owned enterprises with the selection procedures laid down by the Law on Public Enterprises. The implementation of the reform shall be completed by 30 June 2023.
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