OECD Guidelines on Corporate Governance of State-Owned Enterprises, 2015 Edition

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Author(s):
OECD
19 Nov 2015
Pages:
80
ISBN:
9789264250253 (EPUB) ; 9789264244160 (PDF) ;9789264244122(print)
http://dx.doi.org/10.1787/9789264244160-en

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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.

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Table of Contents

Preface
Recommendation of the Council on Guidelines on Corporate Governance of State-Owned Enterprises
About the Guidelines
Applicability and definitions
I. Rationales for state ownership
II. The state’s role as an owner
III. State-owned enterprises in the marketplace
IV. Equitable treatment of shareholders and other investors
V. Stakeholder relations and responsible business
VI. Disclosure and transparency
VII. The responsibilities of the boards of state-owned enterprises
Annotations to Chapter I: Rationales for state ownership
Annotations to Chapter II: The state’s role as an owner
Annotations to Chapter III: State-owned enterprises in the marketplace
Annotations to Chapter IV: Equitable treatment of shareholders and other investors
Annotations to Chapter V: Stakeholder relations and responsible business
Annotations to Chapter VI: Disclosure and transparency
Annotations to Chapter VII: The responsibilities of the boards of state-owned enterprises

 
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