Implications of FIFP Non-Public Sector Status on ISIS Subsidiary
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Themes
FIFP, ISIS subsidiary, public sector companies, non-public sector affiliation, state control, majority capital ownership, professional establishment character, public service, general interest, social and environmental challenges
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Abstract
Analysis of the impact of FIFP's non-public sector affiliation on its subsidiary ISIS, including implications on operating rules and responsibility towards state organs.
Extract
[...] What consequences for the ISIS subsidiary? Problem: 'The question that was posed to the financial section advisors was to determine on the one hand whether, in the sense of Article 34 of the Constitution, IFP was a public sector enterprise. On the other hand, the consequences for the ISIS subsidiary.' The criteria for a company's affiliation with the public sector A company is considered to belong to the public sector if it is majority-owned by the State or by a public entity. [...]
[...] (Mechanism) Through the appointment of executives) (state economic and financial control. [...]
