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Corporate governance

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

 

In focus

The 15th Meeting of the Asia-Pacific Network on Corporate Governance of State-owned Enterprises will take place in 2022 - Dates and venue to be determined

The 14th Meeting of the Network took place in the form of three virtual events: ‌  

Day 1: 8 September 2021
Day 2: 6 October 2021
Day 3: 3 November 2021

Agenda | Summary Record | Speaker Biographies

The 14th meeting of the OECD-Asia-Pacific Network on Corporate Governance of State-Owned Enterprises took place virtually through three sessions (8 September, 6 October and 3 November 2021),and was organised with the Korea Institute of Public Finance and the Asian Development Bank. The meeting featured thematic sessions on transparency and disclosure frameworks, national practices on financing SOEs and their implications for competitive neutrality, the remuneration of SOE boards and senior management, and the role of SOEs in the green transition. A final session focused on national approaches for preventing corruption and enhancing business integrity in the SOE sector, building on the recently launched OECD SOE Anti-Corruption and Integrity Implementation Guide. Stocktaking exercises on national practices on the role of SOEs in the green transition and the remuneration of SOE boards and senior management were announced at the meeting. The results of these initiatives will be published in 2022.

ABOUT THE NETWORK

Better corporate governance of state-owned enterprises is key for economic growth and competitiveness in Asia-Pacific. In many Asia-Pacific countries, state-owned enterprises (SOEs) are still significant economic players. Ensuring they operate efficiently, transparently and on equal footing with private companies is crucial for economic growth and competitiveness.

The OECD Asia-Pacific Network on Corporate Governance of State-Owned Enterprises, provides a forum for government representatives and relevant non-governmental stakeholders from 22 economies in the region to share experiences, identify good practices and develop recommendations for reform to improve state ownership practices and strengthen the OECD Guidelines on Corporate Governance of State-Owned Enterprises. First established in 2006 and then relaunched in 2015 with the support of the government of Korea, the network serves to:

  • Raise awareness of the importance of sound corporate governance of SOEs and related challenges among relevant constituencies;
  • Evaluate current SOE corporate governance policy frameworks and practices, benchmarking them against international good practices as described in the OECD Guidelines on Corporate Governance of SOEs;
  • Support viable and effective reforms in the area of SOE corporate governance, by identifying common challenges related to state-owned enterprise ownership and governance, discussing and analysing policy options, developing relevant recommendations and agreeing on reform priorities;
  • Issue topical studies on SOE governance and reform comparing the practices of participating countries based on questionnaire-based exercise and discussions at Network meetings.

RECENT PUBLICATIONS

 

Responsible Business Conduct in the SOE Sector in Asia

Stocktaking of National Practices

(2022)

Transparency frameworks for state-owned enterprises in Asia‌‌

(‌2020)

Other publications

 

MAIN PARTICIPANTS

Jurisdiction   

 Participating Institutions

Australia Department of Finance 
Bangladesh     Ministry of Finance
Bhutan Ministry of Finance, Druk Holding and Investments (DHI)
Cambodia Securities and Exchange Commission of Cambodia
China State-owned Assets Supervision and Administration Commission of the State Council (SASAC)
Fiji Department of Public Enterprises

India

Department of Public Enterprises, Ministry of Public Enterprises and Heavy Industry, Institute of Public Enterprise (IPE)
Indonesia Ministry of State-Owned Enterprises, National Committee on Governance, Coordinating Ministry for Economic Affairs, Institute for Democracy and Economic Affairs, Malaysian Directors Academy, Malaysian Institute of Corporate Governance, Minority Shareholder Watchdog Group
Japan Financial Services Agency, Ministry of Finance
Kazakhstan              Ministry of Finance, Samruk-Kazyna
Korea Korea Institute of Public Finance, Ministry of Economy and Finance, Korea Development Institute
Lao PDR Lao Securities Commission Office
Malaysia

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

Mongolia Mongolian Government Agency for Policy Coordination on State Property
Myanmar Directorate of Investment and Company Administration, Ministry of National Planning and Economic Development
New Zealand The Treasury 
Pakistan Ministry of Finance, Pakistan Institute of Corporate Governance
Philippines Governance Commission for Government Owned or Controlled Corporations (GCG)
Singapore Temasek International Pte Ltd, Singapore Institute of Directors

Chinese Taipei        

Corporate Governance Research Center, National Taipei University of Business

Thailand

State Enterprise Policy and Planning Bureau (SEPO), Ministry of Finance, Corporate Governance Department, Securities and Exchange Commission of Thailand

Uzbekistan Ministry of Finance
Viet nam Commission on State Capital Management, Ministry of Finance, Ministry of Planning and Investment
Partner organisations Asian Development Bank, World Bank

 

PAST MEETINGS

 

14th meeting, Virtual,  8 Sept / 6 Oct / 3 Nov 2021 Agenda | Summary Record | Speaker Bios

13th meeting, Virtual, 22 Sept / 8 Oct / 4 Nov 2020 Agenda | Summary Record |Speaker Bios 

12th meeting, Manila, Philippines, 4-5 Sept 2019 Agenda |  Summary Record | Speaker Bios

11th meeting, Hyderabad, India, 6-7 Sept 2018 Agenda | Summary Record | Speaker Bios

10th meeting, Kuala Lumpur, 19-20 September 2017

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

USEFUL LINKS

CONTACT

For further information, contact Chung-a Park (Chung-a.Park@oecd.org) or Henrique Sorita Menezes (Henrique.Soritamenezes@oecd.org).

 

 

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