Wong, Simon C.Y.2018-03-282018-03-282018https://hdl.handle.net/10986/29533Commercial enterprises that are owned and controlled by governments continue to constitute a significant portion of business activity in many parts of the world. This paper examines three critical areas for strengthening the quality of governance of state-owned firms professionalizing government ownership, strengthening commercial orientation, and developing stronger, more independent boards and the challenges involved in implementing reforms.CC BY-NC-ND 3.0 IGOGOVERNANCESTATE-OWNED ENTERPRISESGOVERNMENT OWNERSHIPCENTRALIZATIONCOMPETITION POLICYEXECUTIVE COMPENSATIONBOARD OF DIRECTORSINDEPENDENT DIRECTORSAUTONOMYBriefWorld Bank10.1596/29533