Corporate affairs

Corporate governance of state-owned enterprises in Asia


OECD-Asia Network on Corporate Governance of State-Owned Enterprises


Better corporate governance of state-owned enterprises is key for economic growth and competitiveness in Asian economies.


In many Asian economies, state-owned enterprises (SOEs) are still significant economic players. Good governance of SOEs is thus critical to ensure their positive contribution to regional economic growth and competitiveness. Efforts at reforming SOEs and improving their performance have highlighted the importance of: (i) an effective legal and regulatory framework that ensures a level playing field between SOEs and other companies; (ii) well-functioning SOE boards and management teams; and (iii) high standards of transparency and accountability.


The OECD-Asia Network on Corporate Governance of State-Owned Enterprises provides a forum for the governments of Asian countries and corporate governance practitioners to share good practices and identify common priorities for strengthening the corporate governance of SOEs. Its objectives are to:


  • Raise awareness of all concerned constituencies on the importance and challenges related to the better corporate governance of SOEs;
  • Influence policy making by providing a forum in which policy makers, practitioners and experts can share knowledge and experience among themselves and with their OECD peers;
  • Support viable and effective reforms in the area of SOE corporate governance, by discussing and analysing policy options, developing relevant recommendations and agreeing on priorities for reforms adapted to the conditions in Asian economies.


The Asia SOE Network was first established in 2006 and then relaunched in 2015 with the support of the government of Korea. As before, the new phase of the Network seeks to identify common challenges related to state-owned enterprise ownership and governance, to share good practices and to develop recommendations for effective reform and performance management. The intention is also to use the Network to issue topical studies of SOE governance and reform comparing the practices of participating countries, based on the discussions at the Network meetings. 









9th meeting, Seoul, 6-7 December 2016

8th meeting, Hanoi, 16-17 November 2015

7th meeting, Bandung, 3-4 July 2012

6th meeting, Seoul, 17-18 May 2011

5th meeting, Kuala Lumpur, 24-25 May 2010

4th meeting, Bangkok, 20-21 May 2009

3rd meeting, New Delhi, 25-26 June 2008

2nd meeting, Cebu, 19-20 April 2007

1st meeting, Singapore, 15-16 May 2006


SOEs in Asia: National Practices for Performance Evaluation and Management


Policy brief on corporate governance of SOEs in Asia


OECD Guidelines on Corporate Governance of SOEs


State-owned enterprises in the development process


Boards of directors of SOEs: An overview of national practices


Competitive neutrality: Maintaining a level playing field between public and private business


Accountability and transparency: A guide for state ownership


Asian Roundtable on Corporate Governance


OECD work on state-owned enterprises in the marketplace




For further information, contact
Korin Kane (


Regularly participating institutions


Public sector



- Ministry of Commerce

- Ministry of Industries



Druk Holding and Investments (DHI)



Securities and Exchange Commission of Cambodia



State-Owned Assets and Supervision Commission of the State Council (SASAC)



Department of Public Enterprises, Ministry of Public Enterprises and Heavy Industry

- Standing Conference of Public Enterprises (SCOPE)

- Institute of Public Enterprise

- Institute of Company Secretaries of India


- Ministry of State-Owned Enterprises

- National Committee on Governance

- Coordinating Ministry for Economic Affairs

Forum for Corporate Governance in Indonesia


- Samruk-Kazyna



- Korea Institute of Public Finance

- Ministry of Strategy and Finance

- Korean Development Institute


Lao Securities Commission Office



- Ministry of National Planning and Economic Development

- Khazanah Nasional Berhad

- Institute for Democracy and Economic Affairs

- Malaysian Directors Academy

- Malaysian Institute of Corporate Governance

- Minority Shareholder Watchdog Group


Directorate of Investment and Company Administration, Ministry of National Planning and Economic Development



Ministry of Finance

Pakistan Institute of Corporate Governance


Governance Commission for Government Owned or Controlled Corporations (GCG)




Singapore Institute of Directors


- State Enterprise Policy Office, Ministry of Finance

- Corporate Governance Department, Securities and Exchange Commission of Thailand


Viet Nam

Ministry of Planning and Investment

Vietnam Institute for Development Strategies



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