In recent legislation to limit public spending, there have been numerous measures regarding companies owned by local authorities. Efforts to restrict public shareholdings focus on redefining the operating scopes of ownership schemes of this kindand setting in stone the management relationship between companies and their public owners. Against this backdrop, the concept of “local public groups” has become wellestablished in the regulations. These entities encapsulate the management models employed by the public shareholder(s), in an attempt to consolidate the finances. The aimof legislators is for the steering activities and the introduction of a predetermined, unified organizational structure to lead to more efficient utilization of companies toachieve institutional goals. This paper will present a reconstructive analysis of the inclusion of “local public groups” in legislation and its impact on business management,with the intention of conducting a spending review.
|Number of pages||29|
|Publication status||Published - 2015|