The Effectiveness of Boards of Directors of State Owned Enterprises in Developing Countries PDF Download
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Author: Maria Vagliasindi
Publisher:
ISBN:
Category :
Languages : en
Pages : 32
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Book Description
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:
ISBN:
Category :
Languages : en
Pages : 32
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Book Description
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
ISBN:
Category : Board member
Languages : en
Pages : 32
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Book Description
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: World Bank Publications
Publisher: World Bank Publications
ISBN: 1464802297
Category : Business & Economics
Languages : en
Pages : 391
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Book Description
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
ISBN: 9264200428
Category :
Languages : en
Pages : 114
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Book Description
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: Organisation for Economic Co-operation and Development
Publisher: Org. for Economic Cooperation & Development
ISBN:
Category : Business & Economics
Languages : en
Pages : 236
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Book Description
This publication gives a comparative review of corporate governance practices in relation to state-owned enterprises in OECD countries, including scale and organisation, board composition and functions, relationships with non-state shareholders, the role of stakeholders transparency and disclosure.
Author: Edimon Ginting
Publisher: Asian Development Bank
ISBN: 9292622838
Category : Business & Economics
Languages : en
Pages : 355
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Book Description
State-owned enterprises (SOEs) play significant roles in developing economies in Asia and SOE performance remains crucial for economy-wide productivity and growth. This book looks at SOEs in Azerbaijan, Indonesia, Kazakhstan, the People's Republic of China, and Viet Nam, which together present a panoramic view of SOEs in the region. It also presents insights from the Republic of Korea on the evolving role of the public sector in various stages of development. It explores corporate governance challenges and how governments could reform SOEs to make them efficient drivers of the long-term productivity-induced growth essential to Asia's transition to high-income status.
Author: OECD
Publisher: OECD Publishing
ISBN: 9789264187238
Category :
Languages : en
Pages : 114
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Book Description
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: Mr. Ernesto Ramirez Rigo
Publisher: International Monetary Fund
ISBN: 1513594087
Category : Business & Economics
Languages : en
Pages : 153
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Book Description
Prior to the COVID-19 shock, the key challenge facing policymakers in the Middle East, North Africa, and Central Asia region was how to generate strong, sustainable, job-rich, inclusive growth. Post-COVID-19, this challenge has only grown given the additional reduction in fiscal space due to the crisis and the increased need to support the recovery. The sizable state-owned enterprise (SOE) footprint in the region, together with its cost to the government, call for revisiting the SOE sector to help open fiscal space and look for growth opportunities.
Author: David Rewayi Mpunwa
Publisher: GRIN Verlag
ISBN: 3346594602
Category : Political Science
Languages : en
Pages : 121
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Book Description
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: Miriam Dornstein
Publisher: Walter de Gruyter GmbH & Co KG
ISBN: 3110856727
Category : Business & Economics
Languages : en
Pages : 180
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Book Description
