Implementing the OECD Guidelines on Corporate Governance of State-Owned Enterprises:
Review of Recent Developments
The OECD Guidelines on Corporate Governance of State-Owned Enterprises have provided
an internationally agreed benchmark to help governments assess and improve the way
they exercise their ownership functions since 2005. 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. The report supports policy makers by facilitating greater awareness
and more effective implementation of the Guidelines.