Corporate Governance of State-Owned Enterprises in Latin America : Current Trends and Country Cases

World Bank

World Bank Group, Washington, DC

关键词: ACCOUNTABILITY;    ACCOUNTING;    ACCOUNTING STANDARDS;    ADMINISTRATIVE FUNCTIONS;    ADMINISTRATIVE LAW;   

RP-ID  :  89468

学科分类：社会科学、人文和艺术（综合）

来源: World Bank Open Knowledge Repository

【 摘 要 】

The main objective of this report isto provide a descriptive analysis of the current practicesand trends of corporate governance of State-ownedEnterprises (SOEs) in several Latin-American countries. Itprovides practitioners of SOE corporate governance with astocktaking of current practices and trends in several LatinAmerican countries, as well as international experiences andgood practices elsewhere. This report intend to contributeto the discussion and growing interest on SOE corporategovernance and to provide an impulse for further analyticalwork in this area. In most Latin American and Caribbeancountries, the SOE sector contributes significantly to GDPand represents an important part of consolidated publicexpenditures. In several cases, the SOEs are also key andstrategic actors in the country s economy providingessential goods and services and frequently hold a dominantmarket position in critical sectors, such as petroleum,electricity, and transportation. They also operate incompetitive markets such as financial services,telecommunications, etc. SOEs are also increasingly underpressure, by both their governments and by internationalcompetition, to operate and achieve their goals moreefficiently and effectively. Within this context, achievinggood corporate governance practices is critical to SOEseffectively providing goods and services and achieving theirshort-, medium-, and long-term goals, within a sustainablefiscal framework. This report has been prepared with thedirect collaboration of government officials involved in theSOE sectors of eight countries in Latin America and theCaribbean, and Spain. It is mainly based on financialinformation and other relevant data on the above-mentionedcountries, covering the period from 2010 to 2013. As part ofdata collection for the report, representatives of the SOEsectors in Brazil, Chile, Colombia, Dominican Republic,Mexico, Panama, Paraguay, Peru, Spain and Uruguay, attendedthe Technical Workshop on SOE Supervision in Latin Americanand Caribbean Countries, organized by the SOE MonitoringUnit of Paraguay and the World Bank in December 2011 inPunta del Este, Uruguay.