Author : Organisation for Economic Co-operation and Development
Release : 2015
Genre : Corporate governance
Kind : eBook
Book Rating : 253/5 ( reviews)

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Book Synopsis OECD Guidelines on Corporate Governance of State-Owned Enterprises, 2015 Edition by : Organisation for Economic Co-operation and Development

Download or read book OECD Guidelines on Corporate Governance of State-Owned Enterprises, 2015 Edition written by Organisation for Economic Co-operation and Development. This book was released on 2015. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: The new OECD Guidelines on Corporate Governance of State-Owned Enterprises provide an internationally agreed benchmark to help governments assess and improve the way they exercise their ownership functions in state-owned enterprises. Good corporate governance of state-owned enterprises is a key reform priority in many countries. Improved efficiency and better transparency in the state owned sector will result in considerable economic gains, especially in countries where state ownership is important. In addition, creating a level playing field for private and state-owned enterprises will encourage a sound and competitive business sector. The Guidelines, first adopted in 2005, provide a set of good practices on the legal and regulatory framework for state-owned enterprises (SOEs), the professionalisation of the state ownership function and the corporate governance arrangements of SOEs. This new version of the recommendation was developed in the light of almost a decade of experiences with its implementation and a number of thematic and comparative studies, developed on the basis of the earlier version of the Guidelines, that showed the need for, and supported, their revision, including in areas such as disclosure and transparency, public-private competition, board practices and funding and financing of SOE