The OECD Guidelines on Corporate Governance of State-Owned Enterprises give concrete advice to countries on how to manage more effectively their responsibilities as company owners, thus helping to make state-owned enterprises more competitive, efficient and transparent.
Text of the Guidelines
This booklet contains the text of the OECD Guidelines on Corporate Governance of State-Owned Enterprises. Download the different language versions in pdf file format.
About the Guidelines
The OECD Guidelines are the first international benchmark to help governments in improving the corporate governance of SOEs. They are based on and fully compatible with the Principles, but are explicitly oriented to issues that are specific to the corporate governance of SOEs.
Addressing the State as an owner, the Guidelines establish the core elements of a good corporate governance regime. They provide standards and good practices, as well as guidance on implementation, and should be adapted to the specific circumstances of individual countries and regions.
Adapting to the globalisation, liberalisation and technological changes, OECD governments have undertaken reforms in the way they run their SOEs. Many non OECD countries are also looking towards the OECD experience to guide their own reforms because they usually have a big state sector.
Developing the Guidelines
In September 2002, the OECD Working Group on Privatisation and Corporate Governance of State Owned Assets (later renamed Working Party on State Ownership and Privatisation Practices) started developing a set of non binding guidelines for corporate governance of state-owned enterprises, in complement to the OECD Principles of Corporate Governance.
After two years of consultation with SOE managers and owners, state audit bodies, parliamentarians and civil society representatives from OECD and non-OECD countries (including a call for public comments), the OECD Guidelines on Corporate Governance of State Owned Enterprises were adopted in April 2005.
Permanent URL: www.oecd.org/daf/corporateaffairs/soe/guidelines