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Permanent url for this page: www.oecd.org/daf/corporateaffairs/soe/guidelines
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The OECD Guidelines on Corporate Governance of State-Owned Enterprises aim to 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.
The official version of the Guidelines is available in
English and French.
Other language translations:
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The OECD Guidelines represent the first international benchmark to assist governments in improving the corporate governance of SOEs and how they evaluate and improve the way they perform their ownership function. They address the State as an owner, and represent what OECD governments agree are the core elements of a good corporate governance regime for SOEs. 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.
A number of OECD governments have undertaken significant reforms in the way they fulfil this role vis-à-vis SOEs as globalisation, technological changes and liberalisation have made it necessary to readjust and/or restructure the state owned sector. Many non OECD countries are also looking towards the OECD experience to guide their own reforms in this regard as they have significant state sectors.
In September of 2002, the OECD Steering Group on Corporate Governance asked the Working Group on Privatisation and Corporate Governance of State Owned Assets to develop a set of non binding guidelines for corporate governance of state owned enterprises, with the view to making them a complementary instrument to the OECD Principles of Corporate Governance.
After almost two years of far-reaching consultations with SOE managers and owners, state audit bodies, parliamentarians and civil society representatives from both OECD and non OECD countries, including a call for public comments via the website, the OECD Guidelines on Corporate of State Owned Enterprises were adopted by the OECD Council in April 2005. These Guidelines are also based on a comparative survey of SOE corporate governance practice in OECD countries. The Guidelines are based on and fully compatible with the Principles, but are explicitly oriented to issues that are specific to the corporate governance of SOEs.
See also
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