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Bookmark this page: www.oecd.org/daf/corporateaffairs/soe/guidelines
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.
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This booklet contains the official text of the OECD Guidelines on Corporate Governance of State Owned Enterprises.
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What are 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.
How it started...
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, in complement to the OECD Principles of Corporate Governance.
After two years of consulation 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 of State Owned Enterprises were officialised in April 2005. These Guidelines are were also the base for a comparative survey of SOE corporate governance practice in OECD countries.
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