Broadening the Ownership of State-Owned Enterprises A Comparison of Governance Practices

The State continues to remain an important shareholder in listed companies worldwide, especially among emerging economies, which rely increasingly on mixed-ownership models. With the benefit of hindsight and more recent examples, this book provides fresh perspectives on the motivation to list state-...

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Bibliographic Details
Corporate Author: Organisation for Economic Co-operation and Development
Format: eBook
Language:English
Published: Paris OECD Publishing 2016
Subjects:
Online Access:
Collection: OECD Books and Papers - Collection details see MPG.ReNa
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505 0 |a Foreword -- Executive summary -- Main issues and comparative overview of national practices in broadening ownership of state-owned enterprises -- Listing of Halkbank and Türk Telecom -- Preface -- Introduction to broadening ownership of state-owned enterprises -- Case studies of broadening ownership of state-owned enterprises 
653 |a Türkiye 
653 |a Governance 
653 |a China, People's Republic 
653 |a India 
653 |a Poland 
653 |a New Zealand 
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520 |a The State continues to remain an important shareholder in listed companies worldwide, especially among emerging economies, which rely increasingly on mixed-ownership models. With the benefit of hindsight and more recent examples, this book provides fresh perspectives on the motivation to list state-owned enterprises (SOEs) and the process it entails. Drawing from the experiences of five economies (People's Republic of China, India, New Zealand, Poland and Turkey), the book concludes that broadened ownership generally has a positive impact on the governance and performance of these companies. However, country practices show that the act of listing cannot guarantee that these companies are completely averse to State interests; and deviations from sound corporate governance practices, as enshrined in the OECD Guidelines on Corporate Governance of SOEs, can in some cases, raise concerns with regards to non-State shareholder rights, commercial orientation, board independence, conflicting State objectives, transparency, disclosure and more