The main goal of the new decree is to enhance the efficiency of the National Investment Fund's operations and to create favorable conditions for attracting investments in both domestic and international capital markets.
In accordance with the decree, subparagraph 3 of paragraph 1 of the previous version is declared invalid.
Additionally, the updated version clarifies paragraph 2, which outlines the key tasks of the Fund.
Among these tasks are:
- enhancing the efficiency of the financial and economic activities of the companies included in the Fund;
- ensuring sustainable growth of their market value;
- attracting investments by enabling companies to access local and international capital markets;
- implementing best practices in corporate governance;
- developing specific sectors of the economy through the implementation of state programs and investment projects.
Additionally, in paragraph 3 of the document, some wording has been changed: instead of "the Fund and the Fund's portfolio companies," the phrase "companies that are part of the Fund group" is now used.
This pertains to the principles of operation, including the selection of personnel for management bodies, the presence of independent directors, the incentive system for managers based on performance targets, as well as accountability, auditing, and disclosure of information.
The decree comes into effect upon its official publication.
