Corporate governance of state-owned enterprises

OECD Guidelines on Corporate Governance of State-Owned Enterprises

 

 

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. In 2014, the Guidelines will be reviewed and revised to take into account developments since they were first adopted in 2005.  

 

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.

English (official version)

French (official version)

Arabic

Azerbaijani

Bosnian/Croatian/Serbian

Chinese

German

Polish

Portuguese

Russian

Spanish

Vietnamese

 

 

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.

 

Related documents

 

Permanent URL: www.oecd.org/daf/corporateaffairs/soe/guidelines

 

 

 

 

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