State management over corporations 90 – 91 towards forming economic groups

First, corporations and economic groups according to the model of Holding Company - Affiliated Company is a form of advanced, up-to-date business toward integration of the present time. Second, the formation and development of corporations andeconomic groups according to the model of Holding Company - Affiliated Company have resulted in the shift from the mode of owning State businesses to the mode of owing capital invested in businesses. Third, State managing bodies shall not interfere deeply in the production and business of corporations, economic groups as well as affiliated companies, but only concentrate on State management. Second, carry out in sync all solutions on the basis of concentrating, stressing every specific solution within a certain time and in every cocrete corporation, economic group. Third, consolidate, strengthen the bodies in charge of exercising State ownership over State corporations, economic groups. Fourth, strengthen activities of inspecting, supervising of the State as owner of State corporations and economic groups. Fifth, there should be sanctions as regards personal responsibilities of financial managers in both State bodies and businesses in economic groups.

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