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SOE Reform : Time for Serious Corporate Governance. / John Speakman.
World Bank Open Knowledge Repository (formerly "World Bank E-Library Publications") Available online
View online- Format:
- Book
- Government document
- Author/Creator:
- Speakman, John.
- Series:
- Other papers
- World Bank e-Library.
- Language:
- English
- Subjects (All):
- Accountability.
- Asset Management.
- Bureaucracy.
- Civil Service.
- Consensus.
- Corporate Governance.
- Corporate Law.
- Corporations.
- Debt.
- Disclosure.
- Economic Development.
- Emerging Markets.
- Enterprise Development & Reform.
- Financial Services.
- Good Governance.
- Governance.
- Gross Domestic Product.
- Human Resources.
- Insurance.
- Law and Development.
- Legal Framework.
- Legislation.
- Life Insurance.
- Market Economy.
- National Governance.
- Political Economy.
- Political Parties.
- Private Sector Development.
- Privatization.
- Productivity.
- Profitability.
- Public Procurement.
- Public Sector.
- Public Sector Development.
- Regulators.
- Securities.
- State-Owned Enterprises.
- Transparency.
- Transport.
- Local Subjects:
- Accountability.
- Asset Management.
- Bureaucracy.
- Civil Service.
- Consensus.
- Corporate Governance.
- Corporate Law.
- Corporations.
- Debt.
- Disclosure.
- Economic Development.
- Emerging Markets.
- Enterprise Development & Reform.
- Financial Services.
- Good Governance.
- Governance.
- Gross Domestic Product.
- Human Resources.
- Insurance.
- Law and Development.
- Legal Framework.
- Legislation.
- Life Insurance.
- Market Economy.
- National Governance.
- Political Economy.
- Political Parties.
- Private Sector Development.
- Privatization.
- Productivity.
- Profitability.
- Public Procurement.
- Public Sector.
- Public Sector Development.
- Regulators.
- Securities.
- State-Owned Enterprises.
- Transparency.
- Transport.
- Other Title:
- SOE Reform
- Place of Publication:
- Washington, D.C. : The World Bank, 2012.
- System Details:
- data file
- Summary:
- 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.
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