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Governance of the State-Owned Enterprises by the Ministry of Culture

Audit Id 1581580081608
Title Governance of the State-Owned Enterprises by the Ministry of Culture
Title in original language

Vai kultūras ministrija nodrošina efektīvu kapitālsabiedrību pārvaldību?

Latvian

Year 2018
Subject

Culture, Media and National Cultural Heritage

Government Operations (Budget and Spending)

Type

Compliance/Legality

Performance

Type of performance

Performed by single SAI

Comments Most of the services in the field of professional theater and music are funded by the State. The Ministry of Culture has 14 state-owned enterprises - seven State-founded theaters, five concert organisations, Riga Circus, Latvian National Opera and Ballet, that are the main service providers in the field of professional theater and music. The Ministry of Culture grants 23 million euro annually in the form of the State budget funds to ensure the activity of theaters, concert organisations, etc. Due to this reason the Ministry of Culture has a vital role in its state-owned enterprises. The main aim of the audit was to assess whether the Ministry of Culture, being the owner of the state-owned enterprises, pursue the good governance principles of its state-owned enterprises that are also binding to Latvia since its accession to the OECD.
Country

Latvia

Materials

Press release

English

View press release

Summary

English

See summary

Press release

Latvian

View press Release

Audit report

Latvian

Download report
Contact
State Audit Office of the Republic of Latvia, 50 Skanstes iela, Riga, LV-1013, Phone: +371 67017500
lrvk@lrvk.gov.lv
http://www.lrvk.gov.lv
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