27 Apr 2012 18:59

All govt officials on company boards must be replaced in 3 years - Medvedev

GORKI. April 27 (Interfax) - Russian President Dmitry Medvedev has given instructions for all government officials to be replaced on companies' boards within three years.

He also ordered that proposals to accelerate the transformation of federal state unitary enterprises into joint stock or publicly owned enterprises be drafted by the fall of 2012.

"Proposals must be submitted to accelerate the transformation of both federal and regional state unitary enterprises into joint-stock companies or public enterprises," Arkady Dvorkovich, a presidential aide, told reporters.

These are part of a list of instructions on the development of competition and entrepreneurship, Dvorkovich said.