Preconditions for Improving Management of Government-owned Enterprises
Keywords: government-owned enterprises, management, legislative framework, audit, evaluation, improving, private sector
AbstractPrinciples and techniques of management and administration are essential not only in the private sector, but in the public enterprises as well. However, nowadays such government-owned companies often face the critics for lacking effectiveness and having low performance results. The paper presents the analysis of management and administration quality in Lithuania’s Government-owned enterprises. The analysis is based upon the Lithuanian Government-owned Business Companies performance analysis, the reports and resolutions of the Government of the Lithuanian Republic, statistical data, the study reports of the Baltic Institute of Corporate Governance in the Baltic countries (Baltic Institute of Corporate Governance) and Lithuanian Public Institution “Organization Evaluation Agency”. On the basis of this analysis, recommendations for improving management and administration of the Lithuanian Government-owned enterprises are provided and possibilities for applying management and administration audit are discussed.