Reporting for duty

The Treasury Ministry wants to supervise companies under its control by examining their economic indicators.

If the plan comes into force, state-owned companies will have to provide monthly reports to the Ministry, presenting their current economic situation. According to unofficial media reports, the Ministry is now working on several indicators, such as yields and liquidity, that will help assess a company's efficiency. The Ministry will calculate the average efficiency index for a given sector, and if the index of a particular company deviates significantly from the average, the Ministry will investigate the enterprise.

Opinion on the Ministry's new plan is divided. According to Jacek Socha, former Treasury Minister and the current deputy president at PricewaterhouseCoopers, there is no need to send reports over to the Ministry every month. He told daily Parkiet that it is the responsibility of the supervisory board (selected by the Treasury Minister) in a state-owned company to analyze the economic results of the firm and, on the basis of this data, assess the work of the management board.

However, the president of the Foundation of the Corporate Governance Institute, Maciej Grelowski, claimed that the idea of supervising companies according to their monthly economic indexes could contribute to increasing the companies' value.