The president’s government (PT) announced this Monday (25) that it is discussing a series of measures to “increase the efficiency” of federal state-owned companies and improve corporate governance.
The announcement occurred through a short note released by the Ministry of Management and Innovation in Public Services (MGI) in which it says that it will change the State Law or the regulations.
“The government is discussing a set of measures that aim to modernize and increase the efficiency of federal state-owned companies, preserving their autonomy and aligning them with the best corporate governance practices,” he stated.
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Although it does not detail how this discussion is going or which companies are in the crosshairs, investigations indicate that measures are already being forwarded to the National Supply Company (Conab), Empresa Brasil de Comunicação (EBC) and Dataprev – mainly focused on data processing Social Security and social programs.
The Studies and Projects Financing Agency (Finep) and the National Center for Advanced Electronic Technology (Ceitec) may also be included in the measures.
Among the possibilities studied by the government is allowing federal state-owned companies to contract resources from BNDES (National Bank for Economic and Social Development), as is already the case with the Angra 3 Nuclear Power Plant.
The State-Owned Companies Law is a set of legal standards that regulate public companies and mixed-capital companies, establishing rules for the governance and control of these companies, including criteria for bidding, execution of administrative contracts, appointment of directors and presidents and members of the boards of directors.
The legislation was created in 2016 amid investigations into the political use of state-owned companies, such as Petrobras, in the Lava Jato operation. The law was enacted with the aim of restricting political interference in the management of companies.
