Riinvest Institute 2014

51 Riinvest Insitute 2009; 2012; KIPRED 2011; FOL, 2010;
52  Ramadan Sejdiu, Director MUPE, inteview 13.02.2014.
Saxhide Mustafa 
CORPORATE 
GOVERNANCE AND 
TRANSPARENCY IN 
PUBLIC ENTERPRISES
A summary of problems characterizing
transparency in Kosovo
ARTICLE VII

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21
PEs. This unit has drafter and adopted the Code of 
Ethics and Corporate Governance for PEs as well as 
has issued reports evaluating the performance of PEs 
including the performance of the boards and the man-
ual to guide members of the boards. This fulfillment of 
legal requirements is an important step in advancing 
corporate governance in PEs in Kosovo. Strengthening 
the capacities should be considered a priority so that 
the unit can properly supervise the activities of PEs, 
provide support PEs towards the advancement of cor-
porate governance and implement corrective measures 
when irregularities become evident.
53
Mr. Dardan 
Abazi
54
, who represents the Institute for Development 
Policies (INDEP) in the commission for economic, 
infrastrucutre, trade and industry in the Assembly of 
Kosovo declares that numerous problems related to 
transparency and accountability have accompanied 
PEs even in 2013. Mr. Abazi said that the institution 
he represents is concerned with the self-assessment of 
the boards (see Article 28 of the Law on PEs) and also 
the assessment of consumer satisfaction that also has 
shortcomings in the law. Measuring of the satisfaction 
from the institution itself does not produce a valuable 
report and can be subjective.
Selection of board members remains one of the biggest 
problems and most non-transparent processes. From 
2011 to 2013 three consecutive contests of selecting 
board members were canceled for political reasons. In 
late 2013 the boards of the two largest enterprises, Post 
and Telecommunications (PTK) and the Kosovo Energy 
Corporation (KEK) were chosen. Mr. Sejdiu agrees that 
the recruitment process of board directors of PE should 
be transparent and also considers that the involvement 
of civil society is inevitable. Regarding this Mr. Abazi has 
shown concern, since he considers the selection of the 
new directors of PTK and KEK to be in direct conflict 
with the law. According to our research it appears that 
some of the elected directors in these companies were