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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 [email protected] 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 [email protected] Phone: +34 608 56 50 10
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Photo credits
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