Working Paper

SOE Reform : Time for Serious Corporate Governance

Show simple item record

collection.link.213
https://openknowledge.worldbank.org/handle/10986/11866
collection.name.213
Other papers
dc.contributor.author
Speakman, John
dc.date.accessioned
2017-06-01T21:08:37Z
dc.date.available
2017-06-01T21:08:37Z
dc.date.issued
2012-11
dc.date.lastModified
2021-04-23T14:04:37Z
dc.description.abstract
This policy paper is motivated by the Government's 'Pakistan: framework for Economic Growth (FEG) 2011' which places weak corporate governance at the top of the 'software' constraints to growth. The efforts to reform the State-Owned Enterprises (SOEs) have stalled in Pakistan for almost five years with significant negative implications not only in terms of fiscal losses, but also deteriorated and cost-ineffective service delivery. The paper suggests a number of urgent policy measures designed to improve the efficiency and effectiveness of SOEs. These include basic governance reforms, revamped commercialization processes and enhanced market regulations. The paper also provides some perspectives on international experience on SOE reforms combined with some suggestions on how the Government can move forward.
en
dc.identifier
http://documents.worldbank.org/curated/en/141221468286535581/State-owned-enterprise-SOE-reform-time-for-serious-corporate-governance
dc.identifier.uri
http://hdl.handle.net/10986/26831
dc.language
English
dc.language.iso
en_US
dc.publisher
World Bank, Washington, DC
dc.rights
CC BY 3.0 IGO
dc.rights.holder
World Bank
dc.rights.uri
http://creativecommons.org/licenses/by/3.0/igo
dc.subject
ACCESS TO CAPITAL MARKETS
dc.subject
ACCOUNTABILITY
dc.subject
ACCOUNTABILITY MECHANISMS
dc.subject
AMOUNTS OWED
dc.subject
ASSET MANAGEMENT
dc.subject
AUDIT COMMITTEE
dc.subject
AUDIT COMMITTEES
dc.subject
AUTHORITY
dc.subject
BAD GOVERNANCE
dc.subject
BALANCE SHEET
dc.subject
BANKS
dc.subject
BOARD MEMBERS
dc.subject
BOARDS OF DIRECTORS
dc.subject
BUREAUCRACY
dc.subject
CAPITAL MARKET
dc.subject
CENTRAL BANK
dc.subject
CEO
dc.subject
CEOS
dc.subject
CHAIRMAN AND CEO
dc.subject
CHIEF EXECUTIVE
dc.subject
CIVIL SERVICE
dc.subject
COMPANIES ACT
dc.subject
COMPETITION COMMISSION
dc.subject
COMPETITIVE MARKET
dc.subject
CONFLICTS OF INTEREST
dc.subject
CONSENSUS
dc.subject
CONSULTATIVE PROCESS
dc.subject
CONTINGENT LIABILITIES
dc.subject
CONTRACT ENFORCEMENT
dc.subject
CORPORATE GOVERNANCE
dc.subject
CORPORATE GOVERNANCE REFORMS
dc.subject
CORPORATE OWNERSHIP
dc.subject
CORPORATE STRUCTURE
dc.subject
CORPORATIONS
dc.subject
COST OF CAPITAL
dc.subject
DEBT
dc.subject
DISCLOSURE
dc.subject
DISCLOSURE REQUIREMENTS
dc.subject
DISTRIBUTION COMPANIES
dc.subject
DIVIDENDS
dc.subject
ECONOMIC DEVELOPMENT
dc.subject
ECONOMIC GROWTH
dc.subject
ECONOMIC REFORMS
dc.subject
EMERGING MARKETS
dc.subject
ENTERPRISE REFORM
dc.subject
ENTRY POINTS
dc.subject
EXCHANGE COMMISSION
dc.subject
EXTERNAL ACCOUNTABILITY
dc.subject
EXTERNALITIES
dc.subject
FINANCE CORPORATION
dc.subject
FINANCIAL AUTONOMY
dc.subject
FINANCIAL MARKETS
dc.subject
FINANCIAL PERFORMANCE
dc.subject
FINANCIAL SECTOR
dc.subject
FINANCIAL SECTORS
dc.subject
FINANCIAL SERVICES
dc.subject
FINANCIAL STATEMENTS
dc.subject
FINANCIAL SUPPORT
dc.subject
FINANCIAL SUSTAINABILITY
dc.subject
FISCAL BURDEN
dc.subject
FISCAL PROBLEMS
dc.subject
FOREIGN INVESTMENT
dc.subject
GOOD CORPORATE GOVERNANCE
dc.subject
GOOD GOVERNANCE
dc.subject
GOVERNANCE ENVIRONMENT
dc.subject
GOVERNANCE PRACTICES
dc.subject
GOVERNANCE REFORM
dc.subject
GOVERNANCE REGULATIONS
dc.subject
GOVERNMENT AGENCIES
dc.subject
GOVERNMENT OWNERSHIP
dc.subject
GOVERNMENT RESPONSIBILITY
dc.subject
GROSS DOMESTIC PRODUCT
dc.subject
GROWTH PATH
dc.subject
HARD BUDGET CONSTRAINTS
dc.subject
HOLDING COMPANIES
dc.subject
HOLDING COMPANY
dc.subject
HUMAN RESOURCE
dc.subject
HUMAN RESOURCES
dc.subject
INDEPENDENT DIRECTORS
dc.subject
INDIVIDUALS
dc.subject
INDUSTRIAL COMPANIES
dc.subject
INFORMATION SYSTEMS
dc.subject
INSURANCE
dc.subject
INTERNAL AUDIT
dc.subject
INTERNAL AUDIT FUNCTION
dc.subject
INTERNAL CONTROL
dc.subject
JOINT VENTURE
dc.subject
KEY PERFORMANCE INDICATORS
dc.subject
LABOR MARKETS
dc.subject
LEGAL FRAMEWORK
dc.subject
LEGISLATION
dc.subject
LEVEL PLAYING FIELD
dc.subject
LIFE INSURANCE
dc.subject
LIMITED
dc.subject
MANAGEMENT INFORMATION SYSTEMS
dc.subject
MARKET ECONOMY
dc.subject
MARKET REGULATIONS
dc.subject
MARKET STRUCTURE
dc.subject
MINISTERS
dc.subject
MINISTRY OF FINANCE
dc.subject
MINORITY SHAREHOLDERS
dc.subject
MONOPOLY
dc.subject
NATIONAL BANK
dc.subject
NATIONAL ECONOMY
dc.subject
NATIONAL LEVEL
dc.subject
NATIONS
dc.subject
OUTPUTS
dc.subject
PERFORMANCE INDICATORS
dc.subject
POLITICAL ECONOMY
dc.subject
POLITICAL PARTIES
dc.subject
POOR GOVERNANCE
dc.subject
PRIME MINISTER
dc.subject
PRINCIPAL-AGENT
dc.subject
PRIVATE COMPANIES
dc.subject
PRIVATE ENTERPRISE
dc.subject
PRIVATE SECTOR CREDIT
dc.subject
PRIVATE SECTOR GROWTH
dc.subject
PRIVATE SECTOR REPRESENTATIVES
dc.subject
PRIVATIZATION
dc.subject
PRODUCTIVITY
dc.subject
PROFITABILITY
dc.subject
PUBLIC ENTERPRISES
dc.subject
PUBLIC PROCUREMENT
dc.subject
PUBLIC SECTOR
dc.subject
RED TAPE
dc.subject
REFORM PROGRAM
dc.subject
REGULATOR
dc.subject
REGULATORS
dc.subject
REGULATORY AUTHORITY
dc.subject
REGULATORY BODIES
dc.subject
REGULATORY BODY
dc.subject
REGULATORY FRAMEWORK
dc.subject
REINSURANCE
dc.subject
REPRESENTATIVES
dc.subject
SECURITIES
dc.subject
SERVICE DELIVERY
dc.subject
STAKEHOLDER
dc.subject
STAKEHOLDERS
dc.subject
STATE BANK
dc.subject
STATE BANK OF PAKISTAN
dc.subject
STATE OWNERSHIP
dc.subject
STATE-OWNED ENTERPRISES
dc.subject
STOCK EXCHANGE
dc.subject
STOCK MARKET
dc.subject
STRONG CORPORATE GOVERNANCE
dc.subject
STRONG GOVERNANCE
dc.subject
SUSTAINABLE REFORM
dc.subject
TRANSFER OF OWNERSHIP
dc.subject
TRANSPARENCY
dc.subject
TRANSPORT
dc.subject
WEAK CORPORATE GOVERNANCE
dc.title
SOE Reform
en
dc.title.subtitle
Time for Serious Corporate Governance
en
dc.type
Working Paper
en
okr.date.disclosure
2012-11
okr.doctype
Publications & Research :: Working Paper
okr.doctype
Publications & Research
okr.docurl
http://documents.worldbank.org/curated/en/141221468286535581/State-owned-enterprise-SOE-reform-time-for-serious-corporate-governance
okr.googlescholar.linkpresent
yes
okr.identifier.externaldocumentum
000386194_20121115020913
okr.identifier.internaldocumentum
16960148
okr.identifier.report
73664
okr.imported
true
okr.language.supported
en
okr.pdfurl
http://documents.worldbank.org/curated/en/141221468286535581/pdf/NonAsciiFileName0.pdf
en
okr.region.administrative
South Asia
okr.region.country
Pakistan
okr.topic
Governance :: National Governance
okr.topic
Law and Development :: Corporate Law
okr.topic
Private Sector Development :: Emerging Markets
okr.topic
Private Sector Development :: Enterprise Development & Reform
okr.topic
Public Sector Development :: Decentralization
okr.unit
South Asia Poverty Reduction and Economic Management

Show simple item record



This item appears in the following Collection(s)