Upload
zoe-obrien
View
219
Download
2
Tags:
Embed Size (px)
Citation preview
Ministry of EconomyInstitute for Public Sector Enterprises
1
The SOE Sector in Angola 2
1. The State Enterpreneurial Sector of Angola
2. The Institutional Framework3. The Legislation4. Future Perspectives
In Angola, the SES is made of a significant
number of (i) Wholy owned and (ii) Partially
owned public enterprizes, in different
economic fields
This is a direct consequence of the
planning economic system that existed in
Angola up until the end of the 80’s.
SOE´s 3
The State Enterpreneurial Sector of Angola
Sector Empresarial 4
Wholly Owed SOE’s by Sector of Economic Activity
The SOE Sector in Angola
Sector Empresarial 5
Partly Owed SOE’s by Sector of Economic Activity
The SOE Sector in Angola
Sector Empresarial 6
Wholly and Partly Owed SOE’s by Sector of Economic Activity
The SOE Sector in Angola
Are created by a government (head of state) decree and its creation is a joint initiative of a line ministry and the shareholding ministry (Ministry of Economy);
It’s 100% owned by the state;And its Governance bodies is comprised of:1.The Board of directors: with a maximum of
11 directors, including independent ones;2.The Fiscal Boad: made of a chairmain and
two additional members
Sector Empresarial 7
Are created in accordance with the company (comercial) law;
In essence, they are business corporations in which the state has the majority stake and can be established along side with:
(i)Other wholly owned Public Enterprises (PE’s);
(ii)Subsidiaries of PE’s;(iii)Public (State) institutes;(iv)Private Companies;(v)Private individuals
Sector Empresarial 8
Its governance bodies consists of: Anual General Meetings Board of Directors Fiscal Board
Sector Empresarial 9
The Institutional Framwork 10
1. The State Enterpreneurial Sector of Angola Sector2. The Institutional Framework
3. The Legislation4. Future Perspectives
Sector Empresarial 11
The Institucional Framework
We have a dual governance system of SOE’s: Sectorial Oversight – exerted by the line Ministries in charge different sectors of economic activity
Ownership Function – exerted by the Economic Ministry, through the (i) GTSEP – Tecnical Office for the SES and (ii) ISEP – Institute for Public Sector Enterprises
Sector Empresarial 12
The Institucional Framework
Line Ministries
Specific Role/Tasks: Set the economic development policy for the oversighted sector of economic activity; Regulate the economic sector of activity;To evaluate the plans and buget proposed by the companies; To take part on the evaluation of the performance of the management bodies of companies; to take part on the nomination and firing of members of the management bodies of companies; To request tecnical, economic and financial information regarding the activity of companies;
Fonte: Lei 9/95 de 15 de Setembro
Sector Empresarial 13
The Institucional Framework
The Role of the Ministry of Economy (Shareholder)
Formulation, coordination e execution of the ownership policy of the state; Proposing legislative and regulating measures for the management of the assets of SOE’s; Proposing and coodinating the implementation of the privatization policy; Proposing the approval of the legislation for the reestruturing process of the state entrepreneurial sector; Participating in the monitoring and validation of the framework of PPP’s;
* Fonte: Decreto Presidencial nº 1/11 de 3 de Janeiro
Sector Empresarial 14
The Institucional Framework
Ministry of Economy: Organizational Chart
* Fonte: Decreto Presidencial nº 1/11 de 3 de Janeiro
Sector Empresarial 15
The Institucional Framework
Ministry of Economy-
Technical Office for the State Entrepreneurial Sector (SES)
Plays a strategic Role, specifically: Preparation of policy proposal on the SES
Legislative proposals in the field of privatization
Performing studies on the SES
* Fonte: Decreto Presidencial nº 1/11 de 3 de Janeiro
Sector Empresarial 16
The Institucional Framework
Institute for Public Sector Entreprises
Plays a Tecnical Role:
Treatment of issues related to the SES and the
processes of privatization and reprivatization
Monitoring and technical assistance to
companies
Decreto 37/09 de 13 de Agosto
Sector Empresarial 17
The Institucional Framework
Institute for Public Sector Entreprises
Evaluation of strategic, business and investment plans and
anual and plurianual budgets;
Propose methods and standards for accountability and
enforce the terms of accountability;
Propose management tools for the organization of inventory
and assets of the public enterpreneurial sector
Fonte: Decreto 37/09 de 13 de Agosto
Specific Tasks
Sector Empresarial 18
The Institucional Framework
Institute for Public Sector Entreprises
“Opinion on the financial reports and statements;
Propose inspections to the financial activity of enterprises;
Keep up dated technical, economic and financial data;
Propose the necessary tools to ensure the effective
management of state shareholdings
Fonte: Decreto 37/09 de 13 de Agosto
Specific Tasks (Cont.)
Sector Empresarial 19
The Institucional Framework
Institute for Public Sector Entreprises(Organizational Chart)
Fonte: Decreto 37/09 de 13 de Agosto
Sector Empresarial 20
The Institucional Framework
Monitoring of State Owned Enterprises Department-
Department of Management of State Holdings
Control and Monitoring of SOE’s in each of the following 4 areas
(domains) :
Governance;
Operations
Financial Reporting
Compliance
Sector Empresarial Público em Angola 21
1. The Angolan State Enterpreneurial Sector
2. The Institutional Framework
3. The Legislation Governing SOE’s
4. Future Perspectives
Sector Empresarial Público em Angola 22
The current legislation governing the SES is the
following:
Law 9/95 Law of Public Enterprises
Decree n.º 8/02 Regulation to the Law of Public Enterprises
Law n.º 10/10 Amendments to the Law of Public Enterprises
Sector Empresarial Público em Angola 23
• Under the restructuring process of the SES, the Government is
expected to approve the following legal instruments:
Framework-Law of the SES – New law of the State
Enterpreneurial Sector
Regulation of the framework law
The Statute (status) of Public Managers
Remuneration Statute of Public Managers
Sector Empresarial Público em Angola 24
1. The Angolan State Enterpreneurial Sector2. The Institutional Framework
3. The Legislation Governing SOE’s4.Future Perspectives
Sector Empresarial Público em Angola 25
Key Actions Developed by ISEP since its constitution:
Evaluation of the privatizations carried out from 1989 to 2009;
Evaluation of 53 strategic enterprises with the view of their
restruction;
Improving the accountability of the public enterprises
Implementing the governing bodies of public enterprises
Reformulation of the mechanism of monitoring of public enterprises
through the fiscal boards
Capitalization of Public Enterprises
Human capital formation of SES
Sector Empresarial Público em Angola 26
THE KEY CHALLENGES FACING THE SES
Increasing the effectiveness and efficiency of
SOE´s;
Attracting, retaining and developing talents
Increase the quantity and quality of information
on public enterprises
Ministry of EconomyInstitute for Public Sector Enterprises
27