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LEGAL FRAMEWORK FOR PUBL
IC
COM
PAN - VAERSA CASE S
IES
TUDY

Javier de Vicente López
jdevicente@vaersa.com
Phone: +34 608 56 50 10

TOOLS FOR THE IMPLEMENTATION OF ENVIRONMENTAL POLICIES
MOECAF-IDOM-VAERSA-SANE LAN MOE
NYPYITAW- MYANMAR NOVEMBER 2013
How ?
Why ?
Why

How

Advantages

Legal
framework

Award
contracts

Carry out
contracts
At the most basic level a public
company is a company owned by
a government
Why
A recipe in which the ingredients
are private companies
and administrations
# EFFICIENCY
# CONTROL
# PUBLIC INTEREST
# FLEXIBILITY
Operational
# INDEPENDENCE
Avoid # SINGLE-TILL PRINCIPLE
The Single-Till Principle:
Every income coming into the government goes directly
to the Ministry.of finance, no matter what the origin or
the expected destination
Why

Efficiency

Control

Avoidance
Single Till
Princpile

Public
Interest

Flexibility
How
Many different forms of public
companies. Same legal base,
different goals
How

Legal
framework
Government is one of the
shareholders
Both, private and public laws affect the
governance of limited public companies.
In-house companies are NOTconsidered a third party
independent of the government
In-house companies can be awarded in-house providing
contracts without a competitive tender
In-house companies must fulfil a number of conditions
#1 CONTROL
#2 NO PRIVATE
CAPITAL
Main part of activities
#3 WITH
ADMINISTRATION
80%

Of VAERSA turnover
comes from regional
government
# AUDITS
How

Award
contracts
To be awarded in-house providing contracts some
conditions must be fulfilled
#1 Cannot
REJECT contract
#2 PRICE
DATABASE
#3 CANNOT BID for public
tender with th same
government
How

Carry out
Contracts
As a public company each
procurement is submitted to
Public Procurement Regulations
Procedures must ensure
Transparency, Publicitiy ,Free Concurrence,
Hiring policy based on market rules.
Employees are public,employees but not civil servant
Company as flexible and adaptable as a private firm
but with administration keeping control
E

cency Operational
independ

Control

Single
Till
Principle

in-house companies a solution..
Y
our solution?
LEGAL FRAMEWORK FOR PUBL
IC
COM
PAN - VAERSA CASE S
IES
TUDY

Javier de Vicente López
jdevicente@vaersa.com
Phone: +34 608 56 50 10

TOOLS FOR THE IMPLEMENTATION OF ENVIRONMENTAL POLICIES
MOECAF-IDOM-VAERSA-SANE LAN MOE
NYPYITAW- MYANMAR NOVEMBER 2013
Photo credits
1.- http://goo.gl/mhrw2t
2.- http://goo.gl/QsMQ7m
3.- http://goo.gl/zIbp7s
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Legal framework for environmental public companies