Tashkent, Uzbekistan (UzDaily.com) -- Resolution of the Cabinet of Ministers "On measures to ensure the effective participation of state representatives in the management bodies of an enterprise with state participation" was adopted, Norma reports.

The document approved the Regulations on the implementation of the activities of state representatives in enterprises with a state share.

The representative of the state must first agree on the position on voting on the following items on the agenda of the general meeting of shareholders (participants):

- with the relevant state body (AUGA, specially authorized state body, local authorities):

- reorganization or liquidation of the enterprise;

- creation of subsidiaries and affiliates;

- approval of the organizational structure;

- election, appointment, involvement of the executive body of the enterprise and premature termination of its powers;

- determination of the maximum amount of declared shares;

- splitting and consolidation of shares;

- increase or decrease in the size of the authorized fund (authorized capital);

- transfer of property as collateral;

- conclusion of major transactions or transactions with affiliated persons of the enterprise;

- with AUGA - distribution of net profit and the direction of their part for dividends

On other issues, the representative of the state decides independently.

In the absence of a supervisory board at enterprises with a state share, the state share of which has not been transferred to trust management, before the creation of the supervisory board, the representative of the state, along with a power of attorney, must be given an instruction on the procedure for voting on agenda items at a general meeting of shareholders (participants).