Corporate Governance of State-Owned Enterprises A Toolkit /
Corporate Governance of State-Owned Enterprises A Toolkit / [electronic resource] : World Bank Group. - 1818 H Street NW, Washington, DC 20433 : International Bank for Reconstruction and Development, 2014. - xxviii, 358 p.
1. Context and Overview; Past SOE Reforms; Role and Importance of SOEs; Boxes; 1.1 The Still Substantial Role of SOEs in Major Emerging Market Economies; 1.2 Expanded State Ownership through Nationalization and; SOE Performance and Impacts; Corporate Governance Challenges in SOEs; Figures; 1.1 Key Stakeholders in Corporate Governance; The Benefits of Good Corporate Governance; Framework for Corporate Governance Reform; 1.3 Summary of the OECD's Guidelines on Corporate Governance of SOEs. 2. Legal and Regulatory FrameworkKey Concepts and Definitions; 2.1 Varied Definitions of SOEs and the Parastatal Sector; Overview of SOE Legal Forms and Frameworks; 2.2 Application of Constitutional and Supranational Law; 2.3 Countries with General Public Enterprise or SOE Laws; Key Issues in the SOE Legal Framework; 2.4 Countries with SOEs under Company Legislation; Harmonizing SOE Frameworks with Private Sector Frameworks; 2.5 Employee Outcomes during Corporatization in France; 2.6 New Zealand Rail: From Civil Servants to Private Employees. 2.7 The United Kingdom's Principles of Competitive Neutrality in Procurement Processes for Custodial Services2.8 The Listing of Petrobras on the Brazilian Stock Exchange; Developing a State Ownership Framework for SOEs; 2.9 Examples of Countries with Modernized State Ownership Laws; 2.10 The Philippines Government-Owned and Controlled Corporation Governance Act; 2.11 Decree for Improving the Governance of State-Owned Banks in Tunisia; 2.12 New Legal Framework for Chile's Codelco; Tables; 2.1 Examples of SOE Ownership Policies; 2.13 Summary of Norway's Ownership Policy. 2.14 Summary of Bhutan's Ownership Policy2.15 Corporate Governance Scorecard in the Philippines; 2.16 Steps in Developing an SOE Governance Code; 3. State Ownership Arrangements; Key Concepts and Definitions; Overview of Ownership Arrangements; Improving Traditional Ownership Arrangements; Creating Advisory or Coordinating Bodies; 3.1 Examples of SOE Advisory and Coordinating Bodies; 3.1 Challenges and Constraints of Advisory Bodies in India and the United Kingdom; Centralizing the State's Ownership Functions; 3.2 Separation of Ownership and Regulation. 3.2 Types of Centralized Ownership Arrangements3.3 A Separate Ministry for State-Owned Enterprises in Indonesia; 3.4 The Mission of the French Government Shareholding Agency; 3.5 A Specialized Ownership Agency in China; 3.6 A State Holding Company in Hungary; 3.7 An Investment Company in Malaysia; 3.8 A Sovereign Wealth Fund in Bahrain; Ensuring the Effectiveness of Ownership Arrangements; 3.9 Key Lessons from GCC Countries in Achieving Political Insulation; 4. Performance Monitoring; Key Concepts and Definitions; Objectives of a Performance-Monitoring System; Obtaining Baseline Information; Setting Mandates, Strategies, and Objectives.
Provides an overall framework with practical tools and information to help policymakers design and implement corporate governance reforms for state-owned enterprises. It concludes with guidance on managing the reform process, in particular how to prioritise and sequence reforms, build capacity, and engage with stakeholders.
978-1-4648-0229-4
Corporate governance.
Government business enterprises.
Government ownership.
1. Context and Overview; Past SOE Reforms; Role and Importance of SOEs; Boxes; 1.1 The Still Substantial Role of SOEs in Major Emerging Market Economies; 1.2 Expanded State Ownership through Nationalization and; SOE Performance and Impacts; Corporate Governance Challenges in SOEs; Figures; 1.1 Key Stakeholders in Corporate Governance; The Benefits of Good Corporate Governance; Framework for Corporate Governance Reform; 1.3 Summary of the OECD's Guidelines on Corporate Governance of SOEs. 2. Legal and Regulatory FrameworkKey Concepts and Definitions; 2.1 Varied Definitions of SOEs and the Parastatal Sector; Overview of SOE Legal Forms and Frameworks; 2.2 Application of Constitutional and Supranational Law; 2.3 Countries with General Public Enterprise or SOE Laws; Key Issues in the SOE Legal Framework; 2.4 Countries with SOEs under Company Legislation; Harmonizing SOE Frameworks with Private Sector Frameworks; 2.5 Employee Outcomes during Corporatization in France; 2.6 New Zealand Rail: From Civil Servants to Private Employees. 2.7 The United Kingdom's Principles of Competitive Neutrality in Procurement Processes for Custodial Services2.8 The Listing of Petrobras on the Brazilian Stock Exchange; Developing a State Ownership Framework for SOEs; 2.9 Examples of Countries with Modernized State Ownership Laws; 2.10 The Philippines Government-Owned and Controlled Corporation Governance Act; 2.11 Decree for Improving the Governance of State-Owned Banks in Tunisia; 2.12 New Legal Framework for Chile's Codelco; Tables; 2.1 Examples of SOE Ownership Policies; 2.13 Summary of Norway's Ownership Policy. 2.14 Summary of Bhutan's Ownership Policy2.15 Corporate Governance Scorecard in the Philippines; 2.16 Steps in Developing an SOE Governance Code; 3. State Ownership Arrangements; Key Concepts and Definitions; Overview of Ownership Arrangements; Improving Traditional Ownership Arrangements; Creating Advisory or Coordinating Bodies; 3.1 Examples of SOE Advisory and Coordinating Bodies; 3.1 Challenges and Constraints of Advisory Bodies in India and the United Kingdom; Centralizing the State's Ownership Functions; 3.2 Separation of Ownership and Regulation. 3.2 Types of Centralized Ownership Arrangements3.3 A Separate Ministry for State-Owned Enterprises in Indonesia; 3.4 The Mission of the French Government Shareholding Agency; 3.5 A Specialized Ownership Agency in China; 3.6 A State Holding Company in Hungary; 3.7 An Investment Company in Malaysia; 3.8 A Sovereign Wealth Fund in Bahrain; Ensuring the Effectiveness of Ownership Arrangements; 3.9 Key Lessons from GCC Countries in Achieving Political Insulation; 4. Performance Monitoring; Key Concepts and Definitions; Objectives of a Performance-Monitoring System; Obtaining Baseline Information; Setting Mandates, Strategies, and Objectives.
Provides an overall framework with practical tools and information to help policymakers design and implement corporate governance reforms for state-owned enterprises. It concludes with guidance on managing the reform process, in particular how to prioritise and sequence reforms, build capacity, and engage with stakeholders.
978-1-4648-0229-4
Corporate governance.
Government business enterprises.
Government ownership.