Implementing the OECD guidelines on corporate governance of state‑owned enterprises : review of recent developments / prepared by Chung-a Park with oversight from Hans Christiansen

SIP2422

The OECD Guidelines on Corporate Governance of State-Owned Enterprises (SOE Guidelines) provide
an internationally agreed benchmark to help governments assess and improve the way they exercise their
ownership functions in SOEs. They provide concrete advice to countries on how to manage more
effectively their responsibilities as company owners, thus helping to make SOEs more competitive, efficient
and transparent. The Guidelines include a set of good practices on the legal and regulatory framework for
SOEs, the professionalisation of the state ownership function and the corporate governance arrangements
of SOEs. First developed in 2005, the Guidelines were updated in 2015 to take into account developments
since their adoption and to reflect the experiences of the growing number of countries that have taken
steps to implement them.

The report was prepared by Chung-a Park with oversight from Hans Christiansen, both of the Corporate
Governance and Corporate Finance Division in the OECD Directorate for Financial and Enterprise Affairs.
It also benefits from comments and inputs from Korin Kane. Editorial and project co-ordination were
provided by Katrina Baker, Elisabetta Pilati and Edward Smiley.