{"id":14864,"date":"2015-09-25T16:11:41","date_gmt":"2015-09-25T16:11:41","guid":{"rendered":"https:\/\/transparency.lt\/en\/?p=14864"},"modified":"2015-11-13T13:43:00","modified_gmt":"2015-11-13T13:43:00","slug":"transparency-of-municipal-companies","status":"publish","type":"post","link":"https:\/\/transparency.lt\/en\/transparency-of-municipal-companies\/","title":{"rendered":"Transparency of municipal companies"},"content":{"rendered":"

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Accountability level of the largest Lithuanian municipal enterprises is only 35 points out of 100 possible, shows the latest \u201cTransparency International\u201d Lithuania study. From 40 companies, which are assessed in this study, most publicly accountable are UAB \u201cPanev\u0117\u017eio energija\u201c (88 points from 100) and UAB \u201eDz\u016bkijos vandenys\u201c (83 points). The least information is provided by UAB \u201cDruskinink\u0173 sveikatingumo ir poilsio centras “AQUA” (0 points) and AB \u201cVilniaus \u0161ilumos tinklai\u201d (0 points \u2013 no website available).<\/strong><\/p>\n

The study looked at how most earning municipality-owned companies publish information about corruption risk management, their corporate structure and financial information on their websites.<\/p>\n

Evaluated companies just like municipalities themselves provide little information about their corruption risk management. Only a quarter (11 of 40) of companies publish their codes of ethics and only every fifth of them (8 of 40) publish their own gifts policy.\u00a0 Every tenth company publishes how it is possible to report about probable corruption cases. The leader in corruption risk management section is UAB \u201cPanev\u0117\u017eio energija\u201d (85 of 100) which operates in heating sector.<\/p>\n

Most detailed reports about company structure, its\u2019 subsidiaries and associates are provided by UAB \u201cPanev\u0117\u017eio energija, UAB \u201cDz\u016bkijos vandenys\u201d, UAB \u201cAuk\u0161taitijos vandenys\u201d, UAB \u201cAlytaus regiono atliek\u0173 tvarkymo centras\u201d, UAB \u201cVilniaus apskrities atliek\u0173 tvarkymo centras\u201d, UAB \u201cPanev\u0117\u017eio autobus\u0173 parkas\u201d, S\u012e \u201cSusisiekimo paslaugos\u201d. All these municipality-owned enterprises received 100 points.<\/p>\n

Enterprise AB \u201cKauno energija\u201d which operates in heating sector provides the biggest amount of data on the annual budgets, income, tax, executives and staff salaries. Only three more companies publish accurate data on executive salaries.<\/p>\n

According to the state enterprise \u201cTurto Bankas\u201d, in 2013 the biggest amount of income was generated in AB \u201cKauno energija\u201d ( 93,356 mln. Eur) and the smallest amount of income was generated in UAB \u201cAlytaus regiono atliek\u0173 tvarkymo centras\u201d (3,06 mln. Eur). Both enterprises share 8th place in the ranking.<\/p>\n

\u201cTransparency International\u201d Lithuania offers municipality owned companies to follow government approved \u201cOwnership guidelines\u201d and \u201cTransparency guidelines\u201d, which are dedicated to state-owned enterprises. Also taking into account the best global practices they should timely publicize the most recent annual financial statements, the composition of the boards and political affinities of their members, show in details their organizational structure, ethics and principles of conduct.<\/p>\n

The study assessed whether municipality-owned enterprises publish not only mandatory but also additional information about their activities. The disclosure of this type of data could contribute to greater accountability about enterprise activities. When the website analysis had been performed, the results were sent to all companies so they could start publishing more key information and positively adjust their assessment mark.<\/p>\n

Methodology of this research is based on private sector transparency study made by “Transparency International” Secretariat (TI-S) “Transparency in Corporate Reporting: Assessing the World’s Largest Companies\u201d.<\/p>\n

The study evaluated companies that were ranked as the municipal-owned enterprises with the biggest revenue in 2013 by state enterprise \u201cTurto Bankas\u201d.<\/p>\n

Lithuanian municipalities in total own 282 enterprises.<\/p>\n

For more information please click here\u00a0here<\/a><\/span><\/strong>.<\/p>\n

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[vc_row][vc_column width=”1\/1″][vc_column_text] Accountability level of the largest Lithuanian municipal enterprises is only 35 points out of 100 possible, shows the latest \u201cTransparency…<\/p>\n","protected":false},"author":1,"featured_media":14877,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[12],"tags":[],"class_list":["post-14864","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"yoast_head":"\nTransparency of municipal companies - Transparency International Lietuvos skyrius<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/transparency.lt\/en\/transparency-of-municipal-companies\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Transparency of municipal companies - 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