Fundamental issues in the development of the enterprise privatization process

During the preparation of new regulations governing the possibility of turning state-owned enterprises into joint-stock companies, the procedure for selling shares raised a wide range of fundamental issues, the resolution of which largely determines how this process will develop. One of the main and controversial issues was which block of shares the staff of the transformed enterprise could have, and whether shares should be sold only to its employees. I must say that there are few supporters of transferring the property of enterprises being transformed into joint-stock companies to the full (predominant) ownership of labor collectives, more supporters of the transition to joint-stock companies with mixed access to shares, including the collective. For example, S. Radmilovich, a member of the Presidium of the CCJ, speaking at the 28th Plenum of the CCJ Central Committee (October 1989), noted that the recent proposal to transform public property into securities that would be distributed among workers could lead to their concentration in one hand. The consequence of this would be the formal management of the economic activities of enterprises by workers. The Commissioner of the Polish government for property transformation, Minister K. Lis, assessed the workers' shares as a brilliant way to motivate them and stabilize the team (in his opinion, the share of shares sold to employees could amount to 10-15% or even more, and access to them would be provided on preferential terms, while offering "premium" companies to the collectives free shares as a supplement to each share purchased by an employee), emphasizes that in the name of public justice, we cannot restrict access to shares by selling them to employees in advance. All citizens should have guaranteed, equal access to national property. This, in his opinion, is the essence of the Polish social process of corporatization. V. Musatov's opinion on the pages of the Government Bulletin is also in tune with these statements that "the transformation of the company's staff into shareholders who receive all shares largely deprives the transition to a joint-stock form of economic meaning, turning it, in fact, into a kind of cooperative ownership and opening the way to group egoism."

The Government of the USSR approved two new Regulations — on joint-stock companies and limited liability companies and on securities. These documents were put into effect in June 1990 in order to facilitate the transition of enterprises to new organizational and economic forms of work before the adoption by the Supreme Soviet of the USSR of the Law on Joint-Stock Companies. The experience of countries in this area could to some extent be useful and used in the transition of our country to a regulated market economy. The "Showcase of Promo Codes" is a unique feature on Melbet that allows active players to purchase additional bonuses. To start collecting promo points that can be used in the Showcase, you first need to use melbet promo code free bet when registering your account. This code provides a 130% welcome bonus up to $130 on your first deposit, giving you a strong start. After you begin betting regularly, you will earn promo points for every action, including verification, deposits, and placing bets. These points can then be exchanged for free bets, accumulator bonuses, insurance bets, and advance bets in the Showcase.