TASKS AND PRIORITIES OF THE AGENCY

The most important task of the Agency is:

 a) The State Asset Management Agency:

Conducting a unified state policy for the effective management of state assets;

Exercising the rights of the shareholder (founder and participant) on the state-owned stakes (shares) in the authorized capitals of enterprises with state participation;

introduction of modern methods and forms of corporate governance in enterprises with state participation based on best international practices, radically increasing the role of shareholders and supervisory boards in their management;

assisting, including on the basis of recommendations from international financial institutions, the gradual transformation of enterprises with state participation into efficient enterprises capable of competing in domestic and foreign markets;

Coordinating the development and approval of development strategies for enterprises with state participation, aimed at ensuring the efficiency and transparency of their activities, optimization of the management structure, high profitability and capitalization growth, withdrawal of non-core and underutilized assets

carrying out investment activities with securing the interests of the state, including by transferring state shares (stakes) into fiduciary management;

organization of a set of measures to attract investment, including foreign direct investment, as well as portfolio investment through the issue and sale of bonds and shares of enterprises with state participation, including IPO/SPO issuance on the domestic and foreign stock exchanges;

organization of a set of measures to attract investment, including foreign direct investment, as well as portfolio investment through the issue and sale of bonds and shares of enterprises with state participation, including IPO/SPO issuance on domestic and foreign stock exchanges;

Ensuring an open and transparent mechanism for the sale (privatization) and lease of state assets, monitoring the fulfillment of investment and social obligations by investors, as well as participation in the development of proposals for public-private partnerships;

identification, on the basis of the analysis of idle, low-profit and unprofitable enterprises with state participation, development and participation in realization of programs of their financial rehabilitation and increase of their efficiency

Implementation of the state policy on insolvency cases;

conducting, jointly with the Ministry of Finance of the Republic of Uzbekistan, an effective dividend policy in enterprises with state participation;

ensuring state regulation of valuation activities, approval of property valuation standards, as well as certification of realtors;

Identify the main directions of state policy:

in the management of state assets, financial rehabilitation of economically insolvent enterprises with state participation:

development of market mechanisms for the management of the state share in the authorized capitals of enterprises with state participation;

introduction of modern methods of corporate governance in enterprises with state participation, increasing the responsibility of their governing bodies for the efficiency of these enterprises

Organizing effective work with foreign and international institutions and companies to introduce effective mechanisms for the pre-privatization preparation of enterprises with state participation, including those that improve their attractiveness and management efficiency

gradual reduction of the state's share in the authorized capitals of enterprises with state participation, ensuring effective and transparent privatization

development and participation in the implementation of programs for financial rehabilitation of economically unsound enterprises with state participation, increasing the efficiency of their activities;