LATVIA, Energy developments
Article from: OGEL 1 (2003), in For the Practitioner
Prevention of conflicts of interest in the energy sector
Recent developments in Latvia have prevented conflicts of interest arising in the management of Latvenergo, the country's monopoly energy supplier. Latvenergo is a 100 per cent state owned company, in which the state is represented by the plenary meeting of shareholders, the board and the executive body. Until May 2002, the office-holders representing the state in Latvenergo were eligible to be board members or office-holders in other state owned companies or private enterprises, thus engendering concern about a possible conflict of interests. This problem was solved by the new ...