Davoodkhani, Deputy for Planning, Development of Resources & Support Affairs of Iran Privatization Organization (IPO) stated: Results of supervisions and probes into the divested state-owned companies to private sector indicated enhanced efficiency and significant improvementsin corporate governance.
Public relations liaison of IPO reported in marking of 18th year of IPO’s activity,DavoodKhanistated: Iran Privatization Organization was established in 2001 and we issued a declaration to mark its 18th year of activity.
Deputy for Planning, Development of Resources & Support Affairs of Iran Privatization Organization (IPO) referring to characteristics of divestitures during 11th and 12thgovernment added: One of the most prominent achievements was to stop divestiture with the purpose of government debt clearance which brought divestitures to semi-governmental and public institutions to a halt.
DavoodKhani mentioned: Additionally we attempted to incentivize real private sector in purchasing government assets and our data indicated prior to 2013 share of real private sector in divestitures was 18 percent. While during 11thand so far in the 12th government share of real private sector added up to 67 and 100 percent respectively.
Deputy for Planning, Development of Resources & Support Affairs of Iran Privatization Organization (IPO) indicated one of the main goals of privatization is increasing efficiency and improvement of corporate governance and said: This is a relative subject which should be scrutinized on the firm-level scale and on a case-by-case basis. However, studies and supervisions on the divested companies in the past couple of years reveal that government has also proved successful in that area.