FBiH Government: Pensioners cannot be on management boards of majority state-owned companies

SARAJEVO, (Patria) - The Government of the Federation of BiH, at today's session in Sarajevo, amended the Decree on the exercise of authority in business companies with state capital under the jurisdiction of FBiH.

According to the new provision, a person who is 65 years of age or older at the time of the public competition announcement, or who would reach the age of 65 during their term of office and meet the legally prescribed conditions for retirement, cannot be appointed as a member of the management board of a business company with majority state capital, the FBiH Government's Public Relations Office announced.

The amendments to the Decree were made at the proposal of the Prime Minister of FBiH and his deputies, with the aim of enabling the engagement of young and professional people in the management of business companies with state capital under the jurisdiction of FBiH.

The amended Decree enters into force the day after its publication in the "Official Gazette of the Federation of BiH".