| Georgia: Integrity Scorecard Report > Sub-Category: State-Owned Enterprises | ||
| Indicators | Score | |
| 64 | In law, is there an agency or equivalent mechanism overseeing state-owned companies? | 100 |
| 65 | Is the agency or equivalent mechanism overseeing state-owned companies effective? | 35 |
| 66 | Can citizens access the financial records of state-owned companies? | 45 |
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: References: The Ministry of Economic Development of Georgia is overseeing state-owned companies. The city municipalities are overseeing the companies under their competence.
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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: References: It is the Ministry of Economic Development of Georgia that can not be free from political interference by definition.
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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: References: There have been no media reports.
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| 65c: In practice, the agency or equivalent mechanism overseeing state-owned companies receives regular funding. | ||||||||
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Comments: References: There have been no media reports. The ministries are well-funded in Georgia.
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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: References: The Ministry of Economic Development does not have such an authority.
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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: References: Uniform regulations do not exist.
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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: References: General Administrative Code of Georgia, Chapter III
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| 66b: In practice, the financial records of state-owned companies are regularly updated. | ||||||||
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Comments: There is no information publicly available, or updated. One needs to search specifically for it through friends and private contacts. References: There have been no reports or published information on them.
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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: No uniform regulations exist. It varies from case to case.
Peer Review Comments: At least those companies that are being sold are audited according to international accounting standards.
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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: As there is no uniform supervisory mechanism, and information is not placed at any one location, getting records of state-owned companies is a long and complicated process. It takes visits to various places and a lot of arguing to get them disclosed. References: Interview with the head of anti-corruption unit of the Georgian Young Lawyers Association Tamar Gurchiani
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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: As there is no uniform supervisory mechanism, and information is not placed at any one location, getting records of state-owned companies is a long and complicated process. It takes visists to variours places and a lot of arguing to ger them disclosed. If information is released it is either free or at the cost of photocopying. References: Interview with the head of anti-corruption unit of the Georgian Young Lawyers Association Tamar Gurchiani
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