Diagnosing the company and setting clear objectives based on analysis done by major project management, management consulting, fiscal consulting companies and law firms are the first steps for the private sector managers selected to run the large state-owned companies to be efficient in their job.
This is one of the conclusions reached by Mihai David, former Hidroelectrica boss, financial consultant Ionel Blanculescu, Radu Manolescu, one of the most experienced local headhunters, Bogdan Mitrofan, HR Business Partner with Orange and Bogdan Belciu, PwC partner during the ZF Expert open editorial meeting on Thursday.
After at the beginning of this year when President Traian Basescu and Prime Minister Emil Boc pledged to the International Monetary Fund and the World Bank to introduce private management in certain state-run companies to boost their efficiency, the project is now being reviewed.
Economy minister advisors have already turned to headhunters for input and it looks like a high number of private companies will be involved in the financial analysis of the state-run companies, in setting realistic goals for the new managers and in deciding how much decision-making power the managers have.
The experts attending ZF’s meeting on Thursday admitted that one could not yet say who would make a decision about setting the goals for the new managers brought from the private sector: Economy Minister Ion Ariton, Victor Cazana, head of the Office for State’s Interests and Industrial Privatization (OPSPI), the majority shareholder of the state-run companies or the management team of each state-owned company.