Lithuania


  • 10-July-2018

    English

    Corporate Governance in Lithuania

    This review of Corporate Governance in Lithuania was prepared in the context of Lithuania’s accession process to the OECD. It assesses Lithuania’s corporate governance arrangements – the laws, regulations and institutions that shape company oversight – for listed companies and state-owned enterprises (SOEs) against the standards of the G20/OECD Principles of Corporate Governance and the OECD Guidelines on Corporate Governance of State-Owned Enterprises. The report reaches a positive overall assessment of Lithuania’s willingness and ability to implement these corporate governance standards and makes a number of recommendations to address remaining weaknesses. With respect to listed companies, the report notably recommends that Lithuania give priority to monitoring implementation of recent legislative reforms to strengthen corporate boards of directors and, in the medium term, consider further strengthening and clarifying their legal responsibilities. With respect to SOEs, this report recommends that Lithuania give priority to further strengthening the effectiveness of the state’s ownership coordination function, ensuring that the state’s requirements on board composition and disclosure practices are fully implemented by the SOEs for which they are mandatory and moving forward with plans to convert commercially-oriented statutory SOEs to limited liability companies.
  • 31-March-2016

    English, PDF, 363kb

    Lithuania Policy Brief: Reforming the State-Owned Enterprises Sector

    Ensuring that SOEs perform efficiently – and on a level playing field with private competitors – is crucial for allocative efficiency in the broader economy and sound management of public resources. Making sure that SOEs operate in a clean and transparent manner is critical for maintaining citizens’ trust in the institutions which have been tasked with overseeing SOEs on their behalf.

    Related Documents
  • 9-December-2015

    English

    OECD Review of the Corporate Governance of State-Owned Enterprises in Lithuania

    This report evaluates the corporate governance framework for the Lithuanian state-owned enterprise sector relative to the OECD Guidelines on Corporate Governance of State-Owned Enterprises. The report was prepared at the request of the Republic of Lithuania, reviewed by the OECD Working Party on State Ownership and Privatisation Practices and is based on discussions involving all OECD countries.

    Related Documents
  • 20-September-2001

    English

    OECD Reviews of Foreign Direct Investment: Lithuania

    Since regaining its independence in 1990, Lithuania has undergone a remarkable economic transformation. By the end of 2000, this process had been greatly stimulated by the inflow of some US$2.3 billion in foreign direct investment. FDI has contributed to green-field investment, mergers and acquisitions, as well as the privatisation of state-owned-enterprises. Creating favourable conditions for FDI has been a core element of

    Related Documents