Representatives of the state in state-owned companies have prepared an article to the administrative code – RBC

the building of the Ministry of economic development of the Russian Federation

Photo: Artyom Geodakyan/TASS

For the improper performance of the duties of the representatives of the state in state-owned companies can be fined and disqualified — this amendment to the administrative code prepared by the Ministry of economic development, learned the newspaper “Izvestia”

economic development developing amendments to the Code of administrative offences (Cao), which will allow to punish state representatives in boards of Directors (Supervisory boards) of companies and corporations with state participation, the newspaper “Izvestia”, citing two sources close to the government, and press service of the Ministry.

According to interlocutors of the edition, for failure to perform their duties of representatives of the state will be fined or suspended from office.

“At the moment the Ministry of economic development is developing a draft law “On amendments to the administrative offences code establishing liability of the representatives of the interests of the Russian Federation for inadequate execution of obligations under the contract concluded with them”, — told the newspaper in a press-service of the Ministry of economic development.

According to the official representative of the Ministry, the punishment shall be a fine of 5 thousand rubles, the second violation will be punished by a fine of 15 thousand rubles or disqualification for the term from one year up to three years.

At the same time, the Ministry explained that the main criterion for assessing the quality of work of representatives will be “the enforcement of incoming directives”.

In September 2016, the economic development Ministry has completed the preparation of another bill, concerning the management of state-owned companies. It invited the government to provide the relevant ministries and the government the right to change the heads of state companies in the case of “detection of negative economic and financial situation”.

the draft law we are talking about an annual net loss or reduce earnings by more than two times compared with the previous year. The reasons for initiating the resignation of the head of state-owned companies can also serve the presence of short-term debt amounting to more than 10% of the amount of net assets, outstanding taxes and salaries.

According to the text of the bill state representative can submit proposals for candidates for the post of head of the state-owned company within ten days after the revelation of these facts “negative dynamics” of financial performance.