RAS’s minimum SOE transparency requirements present in Romania’s National Anticorruption Strategy 2016-2020

RAS has a long history of obliging though legal action state owned enterprises (SOEs) in general to publish and/or disclose information and data which are of public interest. This is the year when our efforts have become an official state imposed standard by being inserted in Romania’s 2016-2020 National Anticorruption Strategy (NAS).

More specifically, the minimum set of documents and information – that had been obtained by RAS only though legal action in the past – every SOE should publish from now on can be found in Annex 5 of the Strategy. Moreover, SOEs will have to publish their economic and performance indicators, including their budgets and subsidies received from both local and national public authorities, in open data format.

Annex 5 can be read in Romanian here

The transparency requirements for SOEs enshrined in the 2016-2020 NAS are the following:

1. The composition of the Management Board and information on CEOs:
– name and CV of each board member/CEO;
– date when they were appointed as members/CEOs;
– each member’s/CEO’s political affiliation;
– interest and asset declarations throughout their mandate;
– salaries received (including bonuses and other benefits);
– their status (temporary or final);

2. The procedure through which the board members/CEOs were selected, as well as any sackings in the last 3 years and their motives;

3. The “letter of expectations”;

4. The power assignment contract;

5. The investment budget and its execution for the last 3 financial years;

6. The total personnel spending budget for the last 3 years (salaries, bonuses, trainings, travel reimbursements, etc.);

7. The level of debt (both outstanding and extinguished) owed to the state, credit entities, commercial partners, operators etc.;

8. The value of subsidies received from the state;

9. Detail the services or goods produced in the public’s interest;

10. Mention the public policy objective of the SOE;

11. A risk analysis of the sector in which the company is active;

12. The declaration whereby the SOE adheres to the 2016-2020 NAS, the company’s integrity plan (in accordance with the OECD’s Good Practice Guide on internal control, ethics and conformity) and the complaint mechanism in case of integrity problems;

13. Publish the external audit report;

14. Publish the aggregated annual report on the SOEs webpage.

The new Anticorrption Strategy proposes a paradigm shift from punishment to prevention and education, especially in public administration, so as to preempt corruption in the long run. It places transparency and open government in the limelight, as mandatory requirements for a responsible governance that places the citizen’s needs first. In addition, a priority will constitute the creation and implementation of so-called “integrity plans” for the business environment and especially SOEs with an aim to increase integrity and reduce corruption vulnerabilities.

These envisoned changes will rely upon the managers of all state entities to have a sense of increased accountability in implementing internal policies and standards.

The full text of the National Anticorruption Strategy 2016-2020 can be accessed here

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