Publication: Strengthening the Governance and Performance of State-Owned Financial Institutions
Date
2007-08
ISSN
Published
2007-08
Author(s)
Scott, David H.
Abstract
Corporate governance arrangements define
the responsibilities, authorities and accountabilities of
owners, boards of directors, and executive managers of a
company. Good corporate governance is as important for
state financial institutions as for private sector
companies. Many of the problems that commonly afflict state
financial institutions can be associated with, if not
attributed directly to, weaknesses in corporate governance.
This note draws on guidelines recently published by the OECD
and the Basel Committee for Banking Supervision to compile a
comprehensive corporate governance evaluation framework
relevant to state-owned commercial and development finance
institutions. It highlights aspects of this framework that
are considered to be of particular importance to state
financial institutions by citing innovative practices in a
number of countries. Finally, it presents a detailed case
study of the governance arrangements in place at the
Development Bank of Southern Africa.
Citation
“Scott, David H.. 2007. Strengthening the Governance and Performance of State-Owned Financial Institutions. Policy Research Working Paper; No. 4321. © World Bank, Washington, DC. http://openknowledge.worldbank.org/entities/publication/0d643a3e-c260-594f-924d-755a7e4385fb License: CC BY 3.0 IGO.”
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