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Guidelines on Corporate Governance of State-owned enterprises (“SOE Guidelines”) (OECD, 2015[1]). The Working Party’s unique expertise on state ownership is an area where the OECD provides significant value-added to the international policy community, including with regards to encouraging
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- What Is A State-Owned Enterprise?
- Understanding State-Owned Enterprises
- State-Owned Enterprise Example
- SOEs and Corporatization
- SOEs and Profit
A state-owned enterprise (SOE) is a legal entity that is created by a government in order to partake in commercial activities on the government's behalf. It can be either wholly or partially owned by a government and is typically earmarked to participate in specific commercial activities. SOEs are common across the globe, including in the United St...
Also known as government-owned corporations (GOC), state-owned entities should not be confused with listed companies with stocks that are owned in part by a government body, as these companies are truly publiccorporations that happen to have a government entity as one of their shareholders. The state-owned enterprise (SOE) is a global phenomenon, a...
Within the United States, mortgage companies Freddie Mac and Fannie Mae are some of the most recognized SOEs by its citizens, but SOEs are not limited to lending. In China, several companies have state backing, such as the Jin Jiang Hotel, which is owned and controlled by the government of Shanghai. The South Africa-based power utility Eskom is the...
At times, an SOE is created out of a government agency through a process called corporatization. This allows the agency to convert itself into a for-profit business. Often, the newly formed SOE still operates with government goals in mind, but officially it operates as a commercial enterprise. Sometimes, governments of developing countrieswill crea...
Even though an SOE is a for-profit business entity, there are some that do not produce a profit. For example, the U.S. postal system may be operating at a loss for long periods of time. While some SOEs may be permitted to fail, those of importance to the operation of the state may receive government funding to continue its operations — particularly...
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What is a state-owned enterprise (SOE)?
A state-owned enterprise (SOE) is a government entity which is established or nationalised by a national or provincial government, by an executive order or an act of legislation, in order to earn profit for the government, control monopoly of the private sector entities, provide products and services to citizens at a lower price, implement government policies, and/or to deliver products ...
The United States federal government chartered and owned corporations operate to provide public services. Unlike government agencies such as the Environmental Protection Agency, the Bureau of Indian Affairs, or independent commissions, such as the Federal Communications Commission, the Nuclear Regulatory Commission, and others, they have a separate legal personality from the federal government.
Dec 31, 2014 · It covers the key elements of corporate governance, including legal and regulatory framework, state ownership arrangements, performance management systems, financial and fiscal discipline, boards of directors, transparency and disclosure, and protection of shareholders in mixed ownership companies. Experience shows that no one approach is ...
The OECD Guidelines on Corporate Governance of State-Owned Enterprises give concrete advice to countries on how to manage more effectively their responsibilities as company owners, thus helping to make state-owned enterprises more competitive, efficient and transparent. First issued in 2005, the Guidelines were updated in 2015.
While the state’s role has somewhat diminished over the past three decades, the Covid-19 pandemic and the ensuing economic crisis are likely to take the concept of “state as owner” to a new level, amid a time of unprecedented state spending. This is likely to put pressure on state-owned enterprises (SOEs) to perform more efficiently
