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Corporate Governance of State-Owned Enterprises

A Survey of OECD Countries

image of Corporate Governance of State-Owned Enterprises

Presents the OECD Guidelines on Corporate Governance of State-Owned Enterprises as well as a comparative overview of main practices and issues related to corporate governance of state-owned enterprises in the OECD area. The analytical part of the report examines the scale of these enterprises in OECD countries, organisation of the ownership function, relationships with non-state shareholders, the role of stakeholders in corporate governance, transparency and disclosure, and the board of directors. Tables in the annex compare legal status, transparency and disclosure, and board composition and functions, and CEO appointment and remuneration policies of state-owned enterprises across countries.

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Relationship of State-owned Enterprises with other Shareholders

As noted in Chapter 1, on average around 40% of SOEs involve other shareholders. In approximately a half of these the state is a majority shareholder. Not all these firms involve public investors since only some 10% are listed, although they are usually among the largest enterprises.

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