Management transition in SSH takes too long
Glavina's term is expected to be extended by two months or until the appointment of two new management board members. The SSH, which manages more than EUR 12bn in its own and state-owned assets, will thus still have a temporary management.
Since the holding is the main manager of state-owned assets, the long transitional period is a bad thing. Six months is more than enough to find and appoint new managers, the paper says in Permanent Transition.
Perhaps the SSH supervisors did not want to cause rifts among the management board members, so they are examining the compatibility of possible candidates. It is right to be careful, but such hesitation is perhaps too excessive.
One of the problems with the management of state assets in the recent years is that it is experiencing a permanent transition. Such a situation brings uncertainty, while SSH is dealing with itself instead of asset management, concludes the commentary.