Transparency and Accountability are key to investment, growth and competiveness. State owned enterprises which are transparent and accountable are more likely to conform to the rule of law, including respecting shareholder and stakeholder rights. They will enjoy higher levels of public trust and have better access to capital at lower cost.
This Guide will facilitate the practical implementation of these elements and show, with specific examples, that improvement is politically feasible, taking into account the complex challenges that Governments have to face.
This Guide provides:
Comments by Mr. Hans Christiansen, Senior Economist, Corporate Affairs Division, OECD
A catalogue of viable policy options
A step-by-step road map pointing out typical difficulties, risks and hurdles
Concrete examples of good practices
Help to governments, their ownership entities and to other stakeholders in evaluating existing practices and support reforms.
Structure of the book
Chapter 1. Setting Objectives
Chapter 2. Reviewing Performance
Chapter 3 Auditing Performance
Chapter 4. Reporting on Performance
Chapter 5. Ensuring Adequate Disclosure and Transparency at Company Level
Note to the reader, by Mr. Lars-Johan Cederlund, Chair of the OECD Working Group on Privatisation and Corporate Governance of SOEs
This Guide is published under the authority of the OECD Working Group on Privatisation and Corporate Governance of State-Owned Assets. It benefited from discussions with representatives from the Trade Union and Business and Industry Advisory Committees to the OECD and from public consultations with experts, SOE directors and senior executives, policy makers from OECD and non-OECD economies.
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