Meeting of the Asia-Pacific Network on Corporate Governance of State-owned Enterprises | 8-9 December, 2022 | Jakarta, Indonesia.

» Meeting document: State-owned holding companies (background note)

The OECD has organised the 15th Network’s meeting in-person, jointly with the Ministry of State-Owned Enterprises of Indonesia (BUMN) with support from the Korea Institute of Public Finance (KIPF) and Asian Development Bank (ADB).

The meeting took stock of the recent developments of SOE reform related to ownership practices, privatisation and corporate governance in select participant countries relative to the SOE Guidelines, including the host country – Indonesia. It also featured topical sessions focussing on:

• governance of state holding companies
• good practices on anti-corruption and business integrity
• climate change and low-carbon transition policies in state-owned enterprises.

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.

Responsible Business Conduct in the SOE Sector in Asia

Stocktaking of National Practices (2022)

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Transparency frameworks for state-owned enterprises in Asia‌‌ (‌2020)

• Managing Risk in the State-Owned Enterprise Sector in Asia (2018)
• Disclosure and Transparency in the State-Owned Enterprise Sector in Asia (2017)
• State-Owned Enterprises in Asia: National Practices for Performance Evaluation and Management (2016)
• State-Owned Enterprises in the Development Process (2015)

Main Participants

Jurisdiction   

 Participating Institutions

India

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

Chinese Taipei        

Corporate Governance Research Center, National Taipei University of Business

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

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