On the issue of state property management in the agro-industrial complex of the Republic of Belarus

Abstract

In the Republic of Belarus, a decentralized system of ownership supervision has been formed, when shares are managed by ministries, concerns, and committees that were in charge of state-owned en-terprises before their transformation into joint-stock companies. In addition to the sectoral system, there are centralized and dual systems, which are actively used by our key foreign trade partners — the Russian Federation and the People’s Republic of China. Currently, in the agro-industrial com-plex of the Republic of Belarus there is a high share of state-owned enterprises and organizations with a state share in the authorized capital. An analysis of the state share of ownership in the author-ized capital of OJSC shows that in agricultural organizations in recent years it has consistently been in the range of 70–80 %, and in industrial and service organizations — 40–50 %. At the same time, the operating effi ciency of many JSCs is not at a high enough level, which predetermines the need and importance of improving management tools for enterprises and organizations, including owner su-pervision. The article substantiates promising directions for improving owner’s supervision, including: organizational — the transition from an industry-based to a centralized model of organizing owner’s supervision in the agro-industrial complex; economic — development of the corporate governance system in business companies; administrative and economic — development of a methodology for assessing the effectiveness of state property management in the agro-industrial complex. The use of the results of the proposed study is aimed at improving owner supervision and will improve the efficiency of functioning of business entities of the agro-industrial complex of the Republic of Belarus.