LEGAL FRAMEWORK FOR PUBLIC

COMPANIES - VAERSA CASE STUDY

TOOLS FOR THE IMPLEMENTATION OF ENVIRONMENTAL POLICIES MOECAF-IDOM-VAERSA-SANE LAN MOE NYPYITAW- MYANMAR NOVEMBER 2013

Javier de Vicente López jdevicente@vaersa.com Phone: +34 608 56 50 10

How ?

Why ?

Why

How

Advantages

Legal framework

Award contracts

Carry out contracts

At the most basic level a public company is a company owned by

a government

Why

A recipe in which the ingredients are private companies

and administrations

# EFFICIENCY

# CONTROL

# PUBLIC INTEREST

# FLEXIBILITY

Operational # INDEPENDENCE

Avoid # SINGLE-TILL PRINCIPLE

The Single-Till Principle: Every income coming into the government goes directly to the Ministry.of finance, no matter what the origin or the expected destination

Why Efficiency Control Public

Interest

Flexibility Avoidance Single Till Princpile

How

Many different forms of public companies. Same legal base,

different goals

How Legal

framework

Government is one of the shareholders

Both, private and public laws affect the governance of limited public companies.

In-house companies are NOTconsidered a third party independent of the government

In-house companies can be awarded in-house providing contracts without a competitive tender

In-house companies must fulfil a number of conditions

#1 CONTROL

#2 NO PRIVATE CAPITAL

Main part of activities #3 WITH

ADMINISTRATION

80% Of VAERSA turnover comes from regional government

# AUDITS

How Award

contracts

To be awarded in-house providing contracts some conditions must be fulfilled

#1 Cannot REJECT contract

#2 PRICE DATABASE

#3 CANNOT BID for public tender with th same

government

How Carry out Contracts

As a public company each procurement is submitted to

Public Procurement Regulations

Procedures must ensure Transparency, Publicitiy ,Free Concurrence,

Hiring policy based on market rules. Employees are public,employees but not civil servant

Company as flexible and adaptable as a private firm but with administration keeping control

E cency Control

Single Till

Principle

Operational independ

in-house companies a solution.. Your solution?

LEGAL FRAMEWORK FOR PUBLIC

COMPANIES - VAERSA CASE STUDY

TOOLS FOR THE IMPLEMENTATION OF ENVIRONMENTAL POLICIES MOECAF-IDOM-VAERSA-SANE LAN MOE NYPYITAW- MYANMAR NOVEMBER 2013

Javier de Vicente López jdevicente@vaersa.com Phone: +34 608 56 50 10

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Photo credits

17.- http://goo.gl/Qfak6e 20.- http://goo.gl/9scEg6 21.- http://goo.gl/1bW1lT 24.- http://goo.gl/IgMKbG 25.- http://goo.gl/G9ZaBY 26.- http://goo.gl/ZZJKzo 32.- http://goo.gl/g2X4QB 36.- http://goo.gl/poHkig 37.- http://goo.gl/ncxVB 38.- http://goo.gl/yeChFh 39.- http://goo.gl/ffcEe4 40.- http://goo.gl/lPrTGs