Gthe corporation intends to do this according to the “golden share”. Before the liquidation, the Federal Space Agency had the right to sit on the boards of companies in the space industry. Earlier, the Cabinet of Ministers proposed to expand the use of” golden shares ”
“Roscosmos” wants to get the right to appoint its representatives to the boards of directors of rocket and space industry enterprises on “golden shares” on behalf of the state. The corresponding draft law, developed by the state corporation, is published on the portal of draft regulations.
“Roscosmos” proposes to amend the Federal Law “On the privatization of state and municipal property”. As noted in the explanatory note to the bill, its authors used to be representatives of the state under special law (“golden shares”) in the organizations of the rocket and space industry, employees of the Federal Space Agency were appointed, who were civil servants.
“Golden Share” is a mechanism of corporate law that allows the state to control the decisions of the boards of directors of commercial organizations regardless of the share. It allows you to transfer the right to veto changes in the charter, reorganization, changes in the authorized capital or transactions.
After the abolition of the Federal Space Agency in 2015 and the transfer of its functions to Roscosmos, the state corporation lost the opportunity to appoint its employees to the boards of directors of industry enterprises in respect of which Roscosmos ensures the implementation of a unified state policy, but is not a shareholder, or has a stake that does not allow it to have a significant influence on decisions made by companies.
The authors of the project referred to such enterprises as “Ipromashprom”, the Ural Institute of Industrial Enterprise Design, the Arsenal machine-building plant and the Moscow Machine-Building Plant “Vimpel”.
The explanatory note notes that the draft document was agreed with the Ministry of Finance and the Federal Property Management Agency, which supported its expediency.
Earlier in July, the government proposed to expand the use of “golden shares” and extend this mechanism not only to enterprises from the list of strategic ones, but also to those that are ” strategically important for observing national interests, ensuring national security and maintainingsustainable development of the state for the long term”.
In June, Roscosmos appointed Tatyana Andreeva-Yanskaya, a 34-year-old graduate of the General Staff Academy, as Dmitry Rogozin’s deputy for capital construction and curator of the Vostochny Cosmodrome.
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