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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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The Organisation of the Ownership Function within the State Administration

The organisation of the exercise of ownership rights (thereafter the “ownership function”) within the state administration varies from one country to the other, and is very much dependant on the traditional administrative organisation, the significance of the state sector in the economy prior to the privatisation waves of the 1980’s and 1990’s, as well as from recent reforms carried out in regulation and the management of state-owned assets.

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