Corporate Governance Student: Bolbekov Samariddin Group: ih-80 Teacher: Urinov Bobur International principles of cg

Corporate Governance
Student: Bolbekov Samariddin
Group: IH-80
Teacher: Urinov Bobur


International principles of CG

1. 
   Brief information about Organization for Economic Cooperation and Development
   
2. 
   Recommended principles of CG
   
3. 
   Contribution in development of CG
   
4. 
   Conclusion
   

Brief information about Organization for Economic Cooperation and Development

Good governance of state-owned enterprises (SOEs) is essential for efficient and open markets at both the domestic and international level. In many countries SOEs are the main providers of key public services, including public utilities. This means that their operations have an impact on citizens’ everyday life and on the competitiveness of the rest of the economy. SOEs are increasingly prominent actors in international markets. Ensuring that they operate in a sound competitive and regulatory environment is crucial to maintaining an open trade and investment environment that underpins economic growth. The OECD Guidelines on Corporate Governance of State-Owned Enterprises (the Guidelines) are recommendations to governments on how to ensure that SOEs operate efficiently, transparently and in an accountable manner. They are the internationally agreed standard for how governments should exercise the state ownership function to avoid the pitfalls of both passive ownership and excessive state intervention. The Guidelines were first developed in 2005 as a complement to the OECD Principles of Corporate Governance. They have been updated in 2015 to reflect a decade of experience with their implementation and address new issues concerning SOEs in the domestic and international context. The Guidelines have been changed considerably and their policy relevance greatly enhanced. The updated and upgraded instrument provides greater clarity regarding how policy makers should incorporate public institutions and ensure implementation of the agreed good practices. Recommendations regarding the rationale for state ownership of enterprises have been developed, which will help decide whether, and subject to what accountability requirements, governments may want to step into the corporate sector. Recommendations for maintaining a level playing field between SOEs and private enterprises provide guidance for SOEs that are active in the domestic and international marketplace.