Април 2021
Наслов:CORPORATE GOVERNANCE IN STATE-OWNED ENTERPRISES
Автор: Павлина Стојанова, Ленче Петреска, Никола Поповски, Меѓународен Славјански Универзитет
УДК број:334.724.6:[005.742:005.72(497.7)
ISSN (принт) 1857-9299
ISSN (онлајн) 1857-9302
ABSTRACT: The purpose of this paper is to examine the corporate governance in stateowned enerprices. State-owned enterprises (SOE) are still major players in economic
development globally and have large investment accounts. Globally, according to the
World Bank (2014): “State Owned Enterprises account for 20% of investment, 5% of
employment and up to 40% of output in some countries.” As the World Bank (2014) paper
further discussed: State Owned Enterprises are not focusing on critical service sectors like
utilities, finance, and natural resources only, but also competitive industries like large scale
manufacturing and service sectors. The ownership of these enterprises by the state is in
the interest of the general public as it is stipulated in OECD guideline OECD (2015). OECD
guidelines on corporate governance of state-owned enterprise emphasize that: “Improved
efficiency and better transparency in the state-owned sector will result in considerable
economic gains, especially in countries where state ownership is important. In addition,
creating a level playing field for private and state-owned enterprises will encourage a
sound and competitive business sector.”
KEYWORDS: corporate governance, public sector, state-owned enterprises, state
ownership, transparency
