Flemish investment companies need more transparency and focus

Flemish investment companies such as PMV, LRM and VPM play an important role in the development of the Flemish economy. They invest huge amounts of public funds, according to SERV-calculations 385 million euros in financial fixed assets in 2013. Therefore social partners claim that these companies should work in full transparency and within the framework of an explicit governmental vision with focus on societal challenges. To make this possible, social partners ask that the scope of action of these investment companies should be clearly outlined, that it is aimed at Flemish enterprises and that the selection of administrators is done on the basis of knowhow and experience. Finally, social partners suggest that public investment companies yearly publish detailed reports of their realizations in the same way stock market listed companies are obliged to do.