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Boards of Directors of State-Owned Enterprises

An Overview of National Practices

image of Boards of Directors of State-Owned Enterprises

Boards of directors of state-owned enterprises (SOEs) play a fundamental role in corporate stewardship and performance. Over the last decade, OECD  governments have sought to professionalise SOE boards, ensure their independence and shield them from ad hoc political intervention. In general these approaches have worked; yet, more remains to be done to meet the aspirational standards of established by the OECD Guidelines on Corporate Governance of State-Owned Enterprises. This report seeks to shed slight on good practices drawing on national practices from over 30 economies.

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Foreword

This report provides practical guidance on board practices for directors of state-owned enterprises and identifies a number of good practices based on national experiences of a large number of participating countries. It extends the guidance provided by Chapter VI of the OECD Guidelines on the Corporate Governance of State-Owned Enterprises on the Responsibilities of Boards of State-Owned Enterprises. The report draws information from a questionnaire-based exercise as well as previous publications and background papers commissioned by the OECD.

English

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