Governance of SOEs in MENA - Lessons from Four Case Studies

The state-owned enterprise (SOE) has become increasingly diverse. The rising complexity of the states participated in the economy is no longer a uniform definition as it has been country-specific oriented. Since the SOE reforms can have major positive impacts such as reducing fiscal risks by decreasing hidden subsidies, direct transfers, and overstaffing, strengthening competition and developing capital markets. In 1960s the SOE reforms began in the developing countries due to the poor performance of many of the SOEs. this report provides the main principles of good governance of SOEs with references to the Organization for Economic Co-operation and Development (OECD) guidelines on corporate governance of SOEs (OECD 2005).