The Effectiveness Of Boards Of Directors Of State Owned Enterprises In Developing Countries

Author : Maria Vagliasindi
Publisher : Unknown
Page : 32 pages
File Size : 49,5 Mb
Release : 2016
Category : Electronic
ISBN : OCLC:1290703013

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The Effectiveness of Boards of Directors of State Owned Enterprises in Developing Countries by Maria Vagliasindi Pdf

This paper aims to shed some new light on the conditions needed to ensure the effectiveness of Boards of Directors of state owned enterprises with a focus on infrastructure sectors. In the case of developing countries, empirical studies have found evidence of positive links between the composition of the Board of Directors and financial performance. Yet the lack of solid theoretical foundations, and in some cases poor data availability, makes the conclusions of most studies weak. Several policy recommendations emerge from the review of the economic literature and evidence from case studies. First, the introduction of a sufficient number of independent directors emerges as an important corporate governance milestone. Empowering them to exercise effective monitoring of management, however, may prove to be a formidable challenge for of state owned enterprises. More attention to board procedures, particularly related to the Board selection and evaluation process, is essential, to produce the necessary insulation of Boards from government interference. Ensuring sufficient continuity of services to directors is particularly crucial to improve corporate governance. In addition, other factors that may reduce directors' ability to monitor corporate activities, such as the age profile and the number of Boards on which they sit, need to be handled more carefully.

Author : Maria Vagliasindi
Publisher : World Bank Publications
Page : 32 pages
File Size : 47,8 Mb
Release : 2008
Category : Board member
ISBN : 8210379456XXX

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The Effectiveness of Boards of Directors of State Owned Enterprises in Developing Countries by Maria Vagliasindi Pdf

Abstract: This paper aims to shed some new light on the conditions needed to ensure the effectiveness of Boards of Directors of state owned enterprises with a focus on infrastructure sectors. In the case of developing countries, empirical studies have found evidence of positive links between the composition of the Board of Directors and financial performance. Yet the lack of solid theoretical foundations, and in some cases poor data availability, makes the conclusions of most studies weak. Several policy recommendations emerge from the review of the economic literature and evidence from case studies. First, the introduction of a sufficient number of independent directors emerges as an important corporate governance milestone. Empowering them to exercise effective monitoring of management, however, may prove to be a formidable challenge for of state owned enterprises. More attention to board procedures, particularly related to the Board selection and evaluation process, is essential, to produce the necessary insulation of Boards from government interference. Ensuring sufficient continuity of services to directors is particularly crucial to improve corporate governance. In addition, other factors that may reduce directors' ability to monitor corporate activities, such as the age profile and the number of Boards on which they sit, need to be handled more carefully.

Author : OECD
Publisher : OECD Publishing
Page : 114 pages
File Size : 44,9 Mb
Release : 2013-05-30
Category : Electronic
ISBN : 9789264200425

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Corporate Governance Boards of Directors of State-Owned Enterprises An Overview of National Practices by OECD Pdf

This book sheds light on good practices concerning boards of directors of state-owned enterprises. It draws on national practices from over 30 economies.

Author : OECD
Publisher : OECD Publishing
Page : 232 pages
File Size : 41,5 Mb
Release : 2005-12-16
Category : Electronic
ISBN : 9789264009431

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Corporate Governance of State-Owned Enterprises A Survey of OECD Countries by OECD Pdf

Presents the OECD Guidelines on Corporate Governance of State-Owned Enterprises as well as a comparative overview of main practices and issues related to corporate governance of state-owned enterprises in the OECD area.

Author : World Bank Publications
Publisher : World Bank Publications
Page : 391 pages
File Size : 52,9 Mb
Release : 2014-10-02
Category : Business & Economics
ISBN : 9781464802294

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Corporate Governance of State-Owned Enterprises by World Bank Publications Pdf

This Toolkit 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 prioritize and sequence reforms, build capacity, and engage with stakeholders.

Author : OECD
Publisher : OECD Publishing
Page : 114 pages
File Size : 44,7 Mb
Release : 2013-06-17
Category : Electronic
ISBN : 9264187235

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Corporate Governance Boards of Directors of State-Owned Enterprises An Overview of National Practices by OECD Pdf

This book sheds light on good practices concerning boards of directors of state-owned enterprises. It draws on national practices from over 30 economies.

Author : OECD
Publisher : OECD Publishing
Page : 75 pages
File Size : 40,6 Mb
Release : 2020-03-10
Category : Electronic
ISBN : 9789264471351

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Implementing the OECD Guidelines on Corporate Governance of State-Owned Enterprises: Review of Recent Developments by OECD Pdf

This report documents changes in state ownership and SOE governance in both OECD and partner economies and assesses the extent to which the Guidelines have served as a “roadmap for reform” in individual countries since 2015, following the most recent update of the Guidelines. Drawing on practices in up to 31 jurisdictions, it covers organising the state enterprise ownership function; safeguarding a level playing field between SOEs and private businesses; equitable treatment of shareholders and other investors; stakeholder relations and responsible business; transparency and disclosure practices; and professionalising boards of directors.

Author : David Rewayi Mpunwa,Martha Ndinelao Simasiku
Publisher : GRIN Verlag
Page : 121 pages
File Size : 50,5 Mb
Release : 2022-02-18
Category : Political Science
ISBN : 9783346594600

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Board Effectiveness in Namibia’s State Owned Enterprise by David Rewayi Mpunwa,Martha Ndinelao Simasiku Pdf

Professorial Dissertation from the year 2022 in the subject Politics - International Politics - Region: Africa, grade: A, University of Namibia , course: Masters in Finance, language: English, abstract: The main objective of the discourse was to investigate board of director’s effectiveness in commercial public enterprises in Namibia. Various corporate scandal and collapse in many countries has been attributed to board of directors’ ineffectiveness. The study used qualitative method as a research strategy. The research used primary data collected through a qualitative, exploratory, and descriptive approach, by conducting a series of detailed semi-structured interviews with participants from two purposive selected commercial public enterprises made up of board of directors, managing director and company secretaries. The data was analysed using thematic context analysis. The voice records were transcribed from the interview scripts to the diverse codes. The transcription of the intuitive editor enhanced quick changes in formatted format. Coding was data driven. Namely, the researcher commenced out without codes and crafted them through the reading of the discourse. The study focused on skills, diversity, experience, corporate governance, compliance requirements and accountability to shareholder and stakeholder. This was complemented by a comprehensive review of relevant literature. The key findings indicates that board of directors’ effectiveness and factors that influence board of directors’ effectives exist within the board of selected commercial public enterprise. Participants point out the following factors that contribute to board being effective: Board of director’s cohesion and sufficient time allocated to board issues. Diverse technical skills, good relation, support and cooperation from shareholder plus sufficient funding good governance and Operational effectiveness of management. It is recommended that Board of directors to limit serving in many boards and allocated sufficient time to board packs to be able to lead public enterprises effectively and efficiently. The survey recommends the digitisation strategy and algorithmic business thinking by directors of the two enterprises. Innovative thinking to promote sustainability such as the use of solar power and deployment of nuclear energy.

Author : Maria Vagliasindi
Publisher : World Bank Publications
Page : 38 pages
File Size : 41,5 Mb
Release : 2008
Category : Accountability
ISBN : 8210379456XXX

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Governance Arrangements for State Owned Enterprises by Maria Vagliasindi Pdf

Abstract: The aim of this paper is to shed new light on key challenges in governance arrangements for state owned enterprises in infrastructure sectors. The paper provides guidelines on how to classify the fuzzy and sometimes conflicting development goals of infrastructure and the governance arrangements needed to reach such goals. Three policy recommendations emerge. First, some of the structures implied by internationally adopted principles of corporate governance for state owned enterprises favoring a centralized ownership function versus a decentralized or dual structure have not yet been sufficiently "tested" in practice and may not suit all developing countries. Second, general corporate governance guidelines (and policy recommendations) need to be carefully adapted to infrastructure sectors, particularly in the natural monopoly segments. Because the market structure and regulatory arrangements in which state owned enterprises operate matters, governments may want to distinguish the state owned enterprises operating in potentially competitive sectors from the ones under a natural monopoly structure. Competition provides not only formidable benefits, but also unique opportunities for benchmarking, increasing transparency and accountability. Third, governments may want to avoid partial fixes, by tackling both the internal and external governance factors. Focusing only on one of the governance dimensions is unlikely to improve SOE performance in a sustainable way.

Author : Edimon Ginting,Kaukab Naqvi
Publisher : Unknown
Page : 368 pages
File Size : 53,8 Mb
Release : 2020-07-29
Category : Business & Economics
ISBN : 929262282X

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Reforms, Opportunities, and Challenges for State-Owned Enterprises by Edimon Ginting,Kaukab Naqvi Pdf

Author : Miriam Dornstein
Publisher : Walter de Gruyter GmbH & Co KG
Page : 180 pages
File Size : 48,7 Mb
Release : 2017-11-07
Category : Business & Economics
ISBN : 9783110856729

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Boards of Directors under Public Ownership by Miriam Dornstein Pdf

Author : Zhang Cheng,Rajah Rasiah,Kee Cheok Cheong
Publisher : Springer Nature
Page : 175 pages
File Size : 46,9 Mb
Release : 2021-06-24
Category : Social Science
ISBN : 9789811631160

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Governing Enterprises in China by Zhang Cheng,Rajah Rasiah,Kee Cheok Cheong Pdf

This book examines the nature of the marketization of corporate boards following the introduction of the split share reform, corporate board and shareholder relations, corporate performance, and risk-taking conduct in China. The chapters cover topics such as determinants of corporate board size and independence, corporate risk-taking conduct under different controlling shareholder types. The book deepens our understanding of corporate governance mechanisms as most previous studies have limited their findings using mainstream perspectives grounded on neoclassical theory. It outlines that China’s corporate board composition is determined by the board’s scope of operation, monitoring, bargaining power, and other governance mechanisms and regulations. It also offers a comparison between China’s experience with other economies in general and other transition economies in particular. As such, the book represents an essential overview of the current concerns regarding corporate governance in China. It is of great interest to legal researchers, policymakers, and legal practitioners working with business investments in China.

Author : Dominique Pannier
Publisher : World Bank Publications
Page : 168 pages
File Size : 53,6 Mb
Release : 1996-01-01
Category : Business & Economics
ISBN : 0821336363

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Corporate Governance of Public Enterprises in Transitional Economies by Dominique Pannier Pdf

World Bank Technical Paper No. 323.Draws on the contrasting experiences of five large transitional economies--Hungary, Poland, Romania, Russia, and Ukraine--in the management and oversight of public enterprises. Relevant experiences of developed market economies are included.

Author : Franklin N. Ngwu,Onyeka Osuji,Chris Ogbechie,David Williamson
Publisher : Routledge
Page : 340 pages
File Size : 52,5 Mb
Release : 2019-03-07
Category : Business & Economics
ISBN : 9781351689052

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Enhancing Board Effectiveness by Franklin N. Ngwu,Onyeka Osuji,Chris Ogbechie,David Williamson Pdf

Enhancing Board Effectiveness seeks to examine the conceptualization and role of the board in a variety of contexts and articulate solutions for improving the effectiveness of the board, especially in developing and emerging markets. Enhancing Board Effectiveness with therefore address the following central questions: To what extent is the concept and role of the board evolving? What rights, powers, responsibilities and other contemporary and historical experiences can enhance the effectiveness of the board, especially in the particular contexts of developing and emerging markets? What socio-economic, political, regulatory and institutional factors/actors influence the effectiveness of the board and how can the policies and practices of such actors exert such influences? In what ways can a reconstructed concept of the board serve as a tool for theoretical, analytical, regulatory and pragmatic assessment of its effectiveness? In examining this issues, Enhancing Board Effectiveness will investigate theoretical, socio-economic, historical, empirical, regulatory, comparative and inter-disciplinary approaches. Academics in the relevant fields of accounting, behavioural psychology/economics, development studies, financial regulation, law and management/organizational studies, political economy and, public administration will find this book of high interest.

Author : OECD
Publisher : OECD Publishing
Page : 42 pages
File Size : 53,5 Mb
Release : 1999-10-06
Category : Electronic
ISBN : 9789264173705

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OECD Principles of Corporate Governance by OECD Pdf

These principles of corporate governance, endorsed by the OECD Council at Ministerial level in 1999, provide guidelines and standards to insure inclusion, accountability and abilit to attract capital.