Feb 9 • 14:12 UTC 🇵🇱 Poland Rzeczpospolita

The End of 'Only Ours'? Minister Wojciech Balczun on the New Code for State Treasury Companies

Minister Wojciech Balczun discusses the implications of a new governance code aimed at depoliticizing state treasury companies in Poland.

In an interview with "Rzeczpospolita," Minister Wojciech Balczun elaborates on the newly proposed Code of Good Practices for Owner Supervision, which is intended to reduce political influence within state treasury companies in Poland. This initiative raises the question of whether these companies will ultimately transition from being perceived as politically controlled entities to more independent and professionally managed organizations.

Balczun explains that the new code aims to establish principles of transparency and accountability that would safeguard these enterprises against political patronage, commonly referred to as 'feeding grounds for fat cats.' By implementing these regulations, the government hopes to ensure that state-owned companies operate more effectively and are held accountable to the public rather than to political interests.

The discussion touches on the broader implications of corporate governance in Poland and signals a potential shift toward modernization and efficiency within the public sector. If successful, this initiative could reshape the relationship between the government and state-owned enterprises, fostering a new environment geared towards professionalism and ethical management in the oversight of these important national assets.

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