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On Dec. 15, the non-governmental organization Transparency Serbia issued a statement claiming that, instead of improving the management of Serbia’s publicly-owned companies, the ten-year-old Law on Public Enterprises has instead become a blatant symbol of contempt for the rule of law.
“Of the 34 enterprises owned by the state, which are obligated by said law to hold competitions for the position of CEO, 17 have never been managed by a person elected in such a way,” claims Transparency Serbia.
At present, only eight public enterprises are helmed by legally-chosen CEOs, the statement says, adding that, in one case, the company’s general assembly simply chose a director without any kind of competition.
Twenty-two public companies have interim chiefs of operations, who – the NGO points out – are susceptible to political pressures as they can be replaced without notice or explanation. In addition, the majority of them – a total of 18 – have exceeded their legal, 12-month mandate.
According to Transparency Serbia, these individuals are de facto illegally managing resources worth billions of euros.
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