| Armenia: Integrity Scorecard Report > Sub-Category: State-Owned Enterprises | ||
| Indicators | Score | |
| 64 | In law, is there an agency or equivalent mechanism overseeing state-owned companies? | 0 |
| 65 | Is the agency or equivalent mechanism overseeing state-owned companies effective? | 0 |
| 66 | Can citizens access the financial records of state-owned companies? | 50 |
Indicator and sub-Indicator Details
| 64 | In law, is there an agency or equivalent mechanism overseeing state-owned companies? | |||||||
| 64: In law, is there an agency or equivalent mechanism overseeing state-owned companies? | ||||||||
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Comments: There is no mechanism overseeing state-owned companies. As with all other companies, these companies are overseen by State Tax Committees. References: Interview with the executive director of Foundation for Small and Medium Businesses Narine Mailyan (August 7, 2007)
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| 65 | Is the agency or equivalent mechanism overseeing state-owned companies effective? | |||||||
| 65a: In law, the agency or equivalent mechanism overseeing state-owned companies is protected from political interference. | ||||||||
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Comments: No mechanisms are existing. References: Interview with the executive director of Foundation for Small and Medium Businesses Narine Mailyan (August 7, 2007)
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| 65b: In practice, the agency or equivalent mechanism overseeing state-owned companies has a professional, full-time staff. | ||||||||
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Comments: No mechanism and staff exist. References: Interview with the executive director of Foundation for Small and Medium Businesses Narine Mailyan (August 7, 2007)
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| 65c: In practice, the agency or equivalent mechanism overseeing state-owned companies receives regular funding. | ||||||||
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Comments: No mechanisms and funding exist. References: Interview with the executive director of Foundation for Small and Medium Businesses Narine Mailyan (August 7, 2007)
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| 65d: In practice, when necessary, the agency or equivalent mechanism overseeing state-owned companies independently initiates investigations. | ||||||||
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Comments: No agency and mechanisms exist. References: Interview with the executive director of Foundation for Small and Medium Businesses Narine Mailyan (August 7, 2007)
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| 65e: In practice, when necessary, the agency or equivalent mechanism overseeing state-owned companies imposes penalties on offenders. | ||||||||
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Comments: No mechanisms exist. References: Interview with the executive director of Foundation for Small and Medium Businesses Narine Mailyan (August 7, 2007)
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| 66 | Can citizens access the financial records of state-owned companies? | |||||||
| 66a: In law, citizens can access the financial records of state-owned companies. | ||||||||
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Comments: Though the Law on Freedom of Information guaranteed to citizens access to the financial record of state-owned companies, in practice the formal process to access those records or get information is often met with a lot of bureaucratic barriers. References: The Law of Freedom of Information of the Republic of Armenia www.arlis.am
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| 66b: In practice, the financial records of state-owned companies are regularly updated. | ||||||||
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Comments: References: Interview with the executive director of Foundation for Small and Medium Businesses Narine Mailyan (August 7, 2007)
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| 66c: In practice, the financial records of state-owned companies are audited according to international accounting standards. | ||||||||
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Comments: References: Interview with the executive director of Foundation for Small and Medium Businesses Narine Mailyan (August 7, 2007)
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| 66d: In practice, citizens can access the financial records of state-owned companies within a reasonable time period. | ||||||||
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Comments: References: Interview with the executive director of Foundation for Small and Medium Businesses Narine Mailyan (August 7, 2007)
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| 66e: In practice, citizens can access the financial records of state-owned companies at a reasonable cost. | ||||||||
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Comments: The records can be obtained for free of charge or for the cost of photocopying. However, first of all, it's hard to get allowance for accessing the records and it may be required to visit the office or national capital where the office is located. The Ombudsman Agency in Armenia has no power or mandate to impose penalties on offenders. References: Interview with the executive director of Foundation for Small and Medium Businesses Narine Mailyan (August 7, 2007)
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