The government, like many previous governments, is seeking to reduce bureaucracy and facilitate business activities. But will these actions really lead to economic growth, or will they only result in the destruction of transparency in financial processes?
Destruction of Transparency in Payments
The Minister of Economy recently announced that he intends to eliminate annual investor voting on board payment reports and move towards holding online meetings only for shareholders. These changes seem to aim at reducing administrative burdens, but is this administrative burden really so heavy that transparency must be sacrificed for it?
The government's new proposals come at a time when many believe that reducing energy costs for businesses could have a far greater impact on economic growth. In fact, is this approach not more like a challenge to control and reduce oversight of boards?
Is it Really Beneficial for the Economy?
The government's new advice for 'modernizing corporate reports' may seem useful, but the question arises whether these changes will truly benefit economic growth or merely provide an opportunity to escape responsibilities and financial transparency?
It is clear that transparency in board payments is vital not only for investors but for the entire economy. Eliminating annual voting and holding online meetings could lead to a lack of trust between shareholders and managers. Can this process really be trusted?
Given current trends, the government needs to pay more attention to transparency and oversight of financial processes than it promises. Otherwise, it may face irreparable consequences in the future.
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