Ministerial nominees will have to give up their managerial posts

05-01-2014

A number of business leaders nominated for ministerial posts in the emerging centre-left coalition government will have to give up their posts at the head of successful companies, the internet news site novinky.cz writes. The paper says this concerns predominantly candidates for the ANO party which prides itself on nominating successful managers to top posts rather than seasoned politicians. Under the conflict of interests law members of government cannot run private businesses or sit on the executive board of companies. For instance ANO leader Andrej Babis will have to cut his ties to AGROFERT, his agricultural, chemical and food processing empire said to be worth 40 to 100 billion crowns.