Strengthening the governance and performance of state-owned financial institutions
AbstractCorporate governance arrangements define the responsibilities, authorities and accountabilities of owners, boards of directors, and executive managers of a company. Good corporate governance is as important for state financial institutions as for private sector companies. Many of the problems that commonly afflict state financial institutions can be associated with, if not attributed directly to, weaknesses in corporate governance. This note draws on guidelines recently published by the OECD and the Basel Committee for Banking Supervision to compile a comprehensive corporate governance evaluation framework relevant to state-owned commercial and development finance institutions. It highlights aspects of this framework that are considered to be of particular importance to state financial institutions by citing innovative practices in a number of countries. Finally, it presents a detailed case study of the governance arrangements in place at the Development Bank of Southern Africa.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by The World Bank in its series Policy Research Working Paper Series with number 4321.
Date of creation: 01 Aug 2007
Date of revision:
National Governance; Corporate Law; Emerging Markets; Debt Markets; Banks&Banking Reform;
This paper has been announced in the following NEP Reports:
- NEP-AFR-2007-08-27 (Africa)
- NEP-ALL-2007-08-27 (All new papers)
- NEP-BAN-2007-08-27 (Banking)
- NEP-DEV-2007-08-27 (Development)
- NEP-HIS-2007-08-27 (Business, Economic & Financial History)
- NEP-LAW-2007-08-27 (Law & Economics)
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Hainz, Christa & Hakenes, Hendrik, 2012.
"The politician and his banker — How to efficiently grant state aid,"
Journal of Public Economics, Elsevier,
Elsevier, vol. 96(1), pages 218-225.
- Christa Hainz & Hendrik Hakenes, 2009. "The Politician and his Banker – How to Efficiently Grant State Aid," Ifo Working Paper Series Ifo Working Paper No. 71, Ifo Institute for Economic Research at the University of Munich.
- David Scott, 2009. "Banks in Crisis," World Bank Other Operational Studies 10228, The World Bank.
- de Luna-Martinez, Jose & Vicente, Carlos Leonardo, 2012. "Global survey of development banks," Policy Research Working Paper Series 5969, The World Bank.
- Carlos Leonardo Vicente, 2014. "Elements to Consider When Establishing the Envisaged Development Bank of Mozambique : Policy Note," World Bank Other Operational Studies 17360, The World Bank.
- Pietro Calice, 2013. "Working Paper 174 - African Development Finance Institutions: Unlocking the Potential," Working Paper Series, African Development Bank 470, African Development Bank.
- Heinz P. Rudolph, 2010. "State Financial Institutions : Can They Be Relied on to Kick-Start Lending?," World Bank Other Operational Studies 10216, The World Bank.
- World Bank, 2008. "Slovenia : Pilot Diagnostic Review of Governance of the Banking Sector," World Bank Other Operational Studies 12680, The World Bank.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Roula I. Yazigi).
If references are entirely missing, you can add them using this form.