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Towards New Arrangements for State Ownership in the Middle East and North Africa
OECD Publishing, March 2012, Pages: 175
The role of state-owned enterprises (SOEs) in the Middle East and North African economies (MENA) has historically been and remains significant in terms of their contribution to the economic value added, employment and the provision of vital services. State-owned enterprises operate across a wide range of sectors in the region - hydrocarbons, banking, construction – but also in network industries.
Despite the privatisations carried out during the 1980-1990s, the role of the state in Arab economies has not declined and in many ways have indeed increased, reflecting the growth of oil and gas SOEs, sovereign wealth funds and infrastructure development projects, often carried out with the involvement of the state. This publication seeks to provide insight into the varied and rich experience in SOE reform in the region over the past decade, highlighting reform initiatives undertaken at national and country specific levels. It is unique in highlighting the challenges faced by policymakers in reforming the governance of regional SOEs
Chapter 1. Priorities for improving governance and performance of stateowned enterprises in the Middle East and North Africa by Alissa Amico, Manager, Middle East And North Africa, Corporate Affairs Division, Directorate of Financial and Enterprise Affairs, OECD
-Role of the state in MENA economies
-Current reform priorities
Chapter 2. The Arab Spring emphasises better corporate governance of state-owned enterprises by Nasser Saidi, Executive Director, Hawkamah Institute for Corporate Governance with the assistance of Jahanara Ahmad, Manager, Hawkamah Institute for Corporate Governance
-The Arab Spring and corporate governance
-State capture: relevance to MENA countries
-SOE sector reform
-Sovereign wealth funds
Chapter 3. How the GCC did it: formal and informal governance of successful public enterprise in the Gulf Co-operation Council countries by Steffen Hertog, Lecturer, the London School of Economics nd Political Science
-Absence of conventional governance mechanisms
-A level playing field – but who wants to play?
-The institutional context of GCC SOEs: governed well without good governance?
-Legal status and regulation: measured privilege
-Do GCC boards matter?
-Evolution of SOE governance in the Gulf
-Lessons for non-GCC countries?
Chapter 4. State-owned enterprises in Kuwait: history and recent developments by Mithqal Sartawi, Managing Director and President, Privatisation Holding
-Company of Kuwait
-Current composition and practices
-Corporate governance of Kuwaiti SOEs
-SOE performance and prospects
Chapter 5. Transparency of Egypt’s public-private joint ventures by Jennifer Bremer, Associate Professor of Public Policy and Chair, Public Policy and Administration Department, School of Global Affairs and Public Policy, American University in Cairo
-Structure of the public joint ventures sector
-Corporate governance of public joint ventures
-Assessment of the disclosure provided
-Considerations for future improvements
-Annex 5.A.1. Ownership structure of two public-private JVs
-Annex 5.A.2. Methodological notes
Chapter 6. Corporate governance of state-owned enterprises in Morocco: evolution and perspectives by Abderrahmane Semmar, Head of the Division of Programming and Restructuring, Department of Public Enterprises and Privatisation, Ministry of Economy and Finance of Morocco
-The SOE landscape in Morocco
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