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MOSCOW, August 21 (Itar-Tass) —— Russian Prime Minister Dmitry Medvedev has signed a resolution “On the Compliance of Personnel of State Corporations and Companies with the Provisions of Article 349.1 of the Labor Code of Russia.” The document was published on the Russian government website.
The resolution endorsed regulations, which compelled employees of state corporations and companies to declare their incomes, property and proprietary obligations of themselves, their spouses and underage children. It also endorsed the declaration form.
The resolution says that a state corporation (company) worker shall inform the employer about personal interest in the performance of duties, which may lead to a conflict of interest, as soon as he or she becomes aware of such and take measures for preventing the appearance of a conflict of interest. If a worker holds securities or stakes in authorized capitals of organizations, which may also lead to a conflict of interest, such securities and stakes must be put into beneficial ownership pursuant to civil laws of the Russian Federation.
The governmental resolution spreads the validity of bans envisaged by Part 4 of Article 349.1 of the Labor Code of Russia on employees of state corporation. It says the provisions shall be valid “in all cases but the ban envisaged by Paragraph 1 of Part 4 of Article 349.1 of the Labor Code of Russia.” The ban does not apply to participation of employees of the state corporation “Deposit Insurance Agency” in managerial bodies of commercial organizations in the case such participation is envisaged by the fulfillment by an Agency worker of the duties of a bankruptcy commissioner or a liquidator of a credit organization, the inclusion of an Agency worker in the temporary administration of a credit organization, and the election of an Agency worker as a member of the committee of creditors of a credit organization in which the state corporation acts as a bankruptcy commissioner. The same applies to cases in which an Agency worker is elected to the managerial bodies of a bank or another commercial organization whose stock is acquired by a state corporation in bankruptcy prevention procedure.