Publication:
Bhutan : State Owned Enterprises and Corporate Governance Report

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dc.contributor.authorWorld Bank
dc.date.accessioned2013-03-14T15:43:31Z
dc.date.available2013-03-14T15:43:31Z
dc.date.issued2007-01
dc.description.abstractThis paper reviews state-owned Enterprises (SOE) corporate governance in Bhutan, outlines SOE compensation and personnel management policies, and recommends policy options to improve state enterprise performance and facilitate greater autonomy in SOE pay and personal management. Following the OECD Guidelines on the Corporate Governance of State Owned Enterprises, the report defines an SOE as any enterprise with state ownership, a distinct legal form (separate from the public administration) and having commercial sales and revenues. This definition includes both wholly owned enterprises and those with minority state ownership. Recommendations are provided, and include strengthening the ownership function by creating a specialized division in the Ministry of Finance to represent the government as a shareholder; regularly monitor and assess SOE performance at the aggregate level; encourage active ownership and the systematic exercising of state ownership right; strengthen board responsibilities, qualifications, and independence; make transparent and explicit subsidies to various categories of consumers through SOEs, and measure the efficiency of their delivery to consumers; focus and streamline Royal Audit Authority (RAA) audits.en
dc.identifierhttp://documents.worldbank.org/curated/en/2007/01/16449972/bhutan-state-owned-enterprises-corporate-governance-soe-cg-report
dc.identifier.doi10.1596/12722
dc.identifier.urihttps://hdl.handle.net/10986/12722
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCOUNTABILITY
dc.subjectACCOUNTING
dc.subjectACCOUNTING STANDARDS
dc.subjectADMINISTRATIVE MINISTRIES
dc.subjectAMALGAMATION
dc.subjectANTI-CORRUPTION
dc.subjectARTICLES OF ASSOCIATION
dc.subjectAUDIT COMMITTEE
dc.subjectAUDIT COMMITTEES
dc.subjectAUTHORITY
dc.subjectBANKRUPTCY
dc.subjectBENEFICIAL OWNERS
dc.subjectBOARD MEETING
dc.subjectBOARD MEMBER
dc.subjectBOARD MEMBERS
dc.subjectBOARDS OF DIRECTOR
dc.subjectBOARDS OF DIRECTORS
dc.subjectBOND
dc.subjectBOND MARKET
dc.subjectCAPITAL EXPENDITURES
dc.subjectCAPITAL MARKET
dc.subjectCAPITAL MARKET REGULATION
dc.subjectCAPITAL STRUCTURE
dc.subjectCENTRAL BANK
dc.subjectCENTRAL DEPOSITORY
dc.subjectCEO
dc.subjectCEOS
dc.subjectCHAMBER OF COMMERCE
dc.subjectCHARTER
dc.subjectCOMMERCIAL BANKS
dc.subjectCOMMERCIAL ENTERPRISES
dc.subjectCOMMERCIAL ENTITIES
dc.subjectCOMMON LAW
dc.subjectCOMMON LAW COUNTRIES
dc.subjectCOMPANIES ACT
dc.subjectCOMPENSATION PACKAGES
dc.subjectCOMPENSATION POLICIES
dc.subjectCOMPENSATION POLICY
dc.subjectCONFLICT OF INTEREST
dc.subjectCONFLICTS OF INTEREST
dc.subjectCONSENSUS
dc.subjectCONSTITUTION
dc.subjectCONTROLLING SHAREHOLDERS
dc.subjectCORP.
dc.subjectCORPORATE AFFAIRS
dc.subjectCORPORATE ASSETS
dc.subjectCORPORATE BOARDS
dc.subjectCORPORATE BODIES
dc.subjectCORPORATE GOVERNANCE
dc.subjectCORPORATE GOVERNANCE REFORM
dc.subjectCORPORATE MANAGEMENT
dc.subjectCORPORATE OWNERSHIP
dc.subjectCORPORATE PERFORMANCE
dc.subjectCORPORATION
dc.subjectCORPORATIONS
dc.subjectCOUNCIL OF MINISTERS
dc.subjectCREDIT CARD
dc.subjectCREDITORS
dc.subjectCURRENCY
dc.subjectDEBENTURES
dc.subjectDEBT
dc.subjectDEBT MANAGEMENT
dc.subjectDECISION MAKING
dc.subjectDECREE
dc.subjectDEMOCRACY
dc.subjectDEVELOPING COUNTRIES
dc.subjectDEVELOPMENT BANK
dc.subjectDEVELOPMENT FINANCE
dc.subjectDISCLOSURE
dc.subjectDISCLOSURE OBLIGATIONS
dc.subjectDISCLOSURE REQUIREMENTS
dc.subjectDISCLOSURE STANDARDS
dc.subjectDOMESTIC MARKET
dc.subjectDUE DILIGENCE
dc.subjectECONOMIC DEVELOPMENT
dc.subjectEMPLOYMENT GENERATION
dc.subjectENABLING ENVIRONMENT
dc.subjectENTERPRISE PERFORMANCE
dc.subjectEXPENDITURE
dc.subjectFINANCIAL INFORMATION
dc.subjectFINANCIAL INSTITUTION
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFINANCIAL INTERMEDIATION
dc.subjectFINANCIAL PERFORMANCE
dc.subjectFINANCIAL PERFORMANCES
dc.subjectFINANCIAL RESOURCES
dc.subjectFINANCIAL SERVICES
dc.subjectFINANCIAL STATEMENTS
dc.subjectFINANCIAL TRANSPARENCY
dc.subjectFOREIGN EQUITY
dc.subjectFOREIGN EXCHANGE
dc.subjectGLOBAL CORPORATE GOVERNANCE
dc.subjectGOOD CORPORATE GOVERNANCE
dc.subjectGOOD GOVERNANCE
dc.subjectGOVERNANCE ARRANGEMENTS
dc.subjectGOVERNANCE ISSUES
dc.subjectGOVERNMENT ACCOUNTABILITY
dc.subjectGOVERNMENT AGENCIES
dc.subjectGOVERNMENT AGENCY
dc.subjectGOVERNMENT COMPANIES
dc.subjectGOVERNMENT COMPANY
dc.subjectGOVERNMENT EQUITY
dc.subjectGOVERNMENT INTERVENTION
dc.subjectGOVERNMENT INVOLVEMENT
dc.subjectGOVERNMENT OWNED COMPANIES
dc.subjectGOVERNMENT OWNERSHIP
dc.subjectGOVERNMENT POLICY
dc.subjectGOVERNMENT REVENUE
dc.subjectGOVERNMENT SUBSIDY
dc.subjectGOVERNMENT SUPPORT
dc.subjectHOLDING
dc.subjectHOLDINGS
dc.subjectHUMAN RESOURCE
dc.subjectHUMAN RESOURCE MANAGEMENT
dc.subjectHUMAN RESOURCE POLICIES
dc.subjectHUMAN RESOURCES
dc.subjectINCORPORATION
dc.subjectINDIVIDUALS
dc.subjectINDUSTRIAL COMPANIES
dc.subjectINSOLVENCY
dc.subjectINSTITUTIONAL FRAMEWORK
dc.subjectINSTRUMENT
dc.subjectINSURANCE
dc.subjectINSURANCE CORPORATION
dc.subjectINTERESTED PARTIES
dc.subjectINTERNAL AUDIT
dc.subjectINTERNAL AUDIT FUNCTION
dc.subjectINTERNATIONAL STANDARDS
dc.subjectLABOR MARKET
dc.subjectLABOR MARKETS
dc.subjectLAWS
dc.subjectLEGAL ACTION
dc.subjectLEGAL FORM
dc.subjectLEGAL FRAMEWORK
dc.subjectLEGISLATION
dc.subjectLEGISLATURE
dc.subjectLEVEL PLAYING FIELD
dc.subjectLIMITED
dc.subjectLOCAL COMPANIES
dc.subjectLONG-TERM INTEREST
dc.subjectLTD.
dc.subjectMAJORITY SHAREHOLDER
dc.subjectMANAGERS
dc.subjectMANDATES
dc.subjectMARKET CAPITALIZATION
dc.subjectMARKET CONDITIONS
dc.subjectMARKET DISTORTIONS
dc.subjectMARKET PRICE
dc.subjectMARKET REQUIREMENTS
dc.subjectMARKET VALUE
dc.subjectMINISTERS
dc.subjectMINISTRY OF FINANCE
dc.subjectMINORITY SHAREHOLDER
dc.subjectMINORITY SHAREHOLDERS
dc.subjectMONETARY AUTHORITY
dc.subjectNATIONAL BANK
dc.subjectNEGOTIABLE INSTRUMENT
dc.subjectOLD-AGE PENSIONS
dc.subjectOPPORTUNITY COST
dc.subjectPENSION
dc.subjectPENSION SYSTEM
dc.subjectPRESIDENCY
dc.subjectPRIVATE COMPANIES
dc.subjectPRIVATE SECTOR GROWTH
dc.subjectPRIVATE SECTOR PARTICIPATION
dc.subjectPROTECTION OF MINORITY SHAREHOLDERS
dc.subjectPRUDENTIAL REGULATION
dc.subjectPRUDENTIAL REGULATIONS
dc.subjectPUBLIC ADMINISTRATION
dc.subjectPUBLIC COMPANIES
dc.subjectPUBLIC COMPANY
dc.subjectPUBLIC RESOURCES
dc.subjectPUBLIC SECTOR
dc.subjectPUBLIC SECTOR PORTFOLIO
dc.subjectREGISTERED COMPANIES
dc.subjectREGISTRAR OF COMPANIES
dc.subjectREGULATORY AGENCIES
dc.subjectREGULATORY AGENCY
dc.subjectREGULATORY BODIES
dc.subjectREGULATORY FRAMEWORK
dc.subjectREPRESENTATIVES
dc.subjectRETURNS
dc.subjectSECURITIES
dc.subjectSECURITIES EXCHANGE
dc.subjectSEPARATION OF OWNERSHIP
dc.subjectSETTLEMENT
dc.subjectSHARE CAPITAL
dc.subjectSHAREHOLDER
dc.subjectSHAREHOLDERS MEETINGS
dc.subjectSOCIAL PROGRAMS
dc.subjectSOCIETY
dc.subjectSOLE PROPRIETORSHIPS
dc.subjectSPECIFIC DUTIES
dc.subjectSTAKEHOLDERS
dc.subjectSTATE ADMINISTRATION
dc.subjectSTATE BANKS
dc.subjectSTATE ENTERPRISE
dc.subjectSTATE ENTERPRISES
dc.subjectSTATE OWNERSHIP
dc.subjectSTATE-OWNED COMPANIES
dc.subjectSTATE-OWNED ENTERPRISES
dc.subjectSTOCK EXCHANGE
dc.subjectSUBSIDIARIES
dc.subjectTAX
dc.subjectTOTAL EXPENDITURES
dc.subjectTRADING
dc.subjectTRANSPARENCY
dc.subjectTRUST LAW
dc.subjectTURNOVER
dc.subjectVOTING
dc.titleBhutan : State Owned Enterprises and Corporate Governance Reporten
dspace.entity.typePublication
okr.date.disclosure2012-06-29
okr.date.doiregistration2025-05-07T09:38:13.773175Z
okr.doctypeEconomic & Sector Work::Corporate Governance Assessment (ROSC)
okr.doctypeEconomic & Sector Work
okr.docurlhttp://documents.worldbank.org/curated/en/2007/01/16449972/bhutan-state-owned-enterprises-corporate-governance-soe-cg-report
okr.globalpracticeFinance and Markets
okr.globalpracticeGovernance
okr.guid641091468014937333
okr.identifier.externaldocumentum000426104_20120629164007
okr.identifier.internaldocumentum16449972
okr.identifier.report70338
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2012/06/29/000426104_20120629164007/Rendered/PDF/703380ESW0P0990n0SOE0CG0Study0Final.pdfen
okr.region.administrativeSouth Asia
okr.region.countryBhutan
okr.sectorIndustry and trade
okr.sectorFinance
okr.themeFinancial and private sector development :: Corporate governance
okr.topicLaw and Development::Corporate Law
okr.topicGovernance::National Governance
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicBanks and Banking Reform
okr.topicPublic Sector Corruption and Anticorruption Measures
okr.topicPublic Sector Development
okr.unitFinance & PSD Department (SASFP)
okr.volume1 of 1
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