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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 Role of Stakeholders in Corporate Governance

The importance of stakeholder relations per se for building sustainable enterprises has been recognised by the OECD Principles of Corporate Governance. “The competitiveness and ultimate success of a corporation is the result of teamwork that embodies contributions from a range of different resource providers including investors, employees, creditors, and suppliers. (…)

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