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Directorate for Public Governance and Territorial Development |
Long abstract
State Owned Enterprise Governance...
The core difference between state and private ownership, from a governance perspective, are the rights, obligations and pay-offs attaching to ownership. Private ownership confers extensive rights on the individual to enjoy the income from ownership, and control and change the use to which resources are put, including transferring ownership to another party. The private owner faces directly the wealth consequences from exercising those rights, and therefore has greater reason to ensure that they are put to best use. |
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