The NSE Centre for Excellence in
Corporate Governance (CECG) has issued its most recent quarterly briefing
titled “Corporate
Governance in State-Owned Enterprises”. The executive summary is as
follows:
Corporate Governance (CECG) has issued its most recent quarterly briefing
titled “Corporate
Governance in State-Owned Enterprises”. The executive summary is as
follows:
– State-Owned
Enterprises (SOEs) constitute an integral part of India’s economy, and their
performance has generally been encouraging;
Enterprises (SOEs) constitute an integral part of India’s economy, and their
performance has generally been encouraging;
– They are subject
to stringent governance norms: those applicable to private sector companies and
more;
to stringent governance norms: those applicable to private sector companies and
more;
– Although SOEs
are owned by the government, their control, supervision and management are
somewhat diffused;
are owned by the government, their control, supervision and management are
somewhat diffused;
– They suffer from
unique issues and challenges in corporate governance;
unique issues and challenges in corporate governance;
– Nevertheless,
through appropriate reforms in their governance, the benefits of SOEs to the
economy can be maximized.
through appropriate reforms in their governance, the benefits of SOEs to the
economy can be maximized.