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A Policy Maker's Guide to Privatisation

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Policy makers and privatisation experts agree that it is critical to “get privatisation right.” A well-planned and executed transaction, backed by sound rationales, institutional and regulatory arrangements, good governance, and integrity can have consequences on future divestment activity by enhancing investor confidence while gaining the support of stakeholders and the public. Drawing on the internationally agreed OECD Guidelines on Corporate Governance of State-Owned Enterprises and decades’ worth of national experience across both OECD and Partner economies, this Policy Maker’s Guide to Privatisation provides practical advice to newcomers on key stages of the process from inception to post-privatisation. With global privatisation activity trending upwards and expected to rise, this Guide can support policy makers in their decision making process in the years to come.

English

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Guiding principles

This chapter discusses the guiding principles that should inform policy makers when considering a privatisation programme or transaction. It discusses how policy objectives are identified and articulated, drawing on lessons learnt from national privatisation experiences; underlines how a transparent and credible institutional framework with high-level political support and early stakeholder engagement can support the privatisation programme; and outlines how best to sequence the process to build credibility and support.

English

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