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Strengthening the governance and performance of state-owned financial institutions

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  • Scott, David H.

Abstract

Corporate 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.

Suggested Citation

  • Scott, David H., 2007. "Strengthening the governance and performance of state-owned financial institutions," Policy Research Working Paper Series 4321, The World Bank.
  • Handle: RePEc:wbk:wbrwps:4321
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    Citations

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    Cited by:

    1. World Bank, 2008. "Slovenia : Pilot Diagnostic Review of Governance of the Banking Sector," World Bank Other Operational Studies 12680, The World Bank.
    2. David Scott, 2009. "Banks in Crisis," World Bank Other Operational Studies 10228, The World Bank.
    3. de Luna-Martinez, Jose & Vicente, Carlos Leonardo, 2012. "Global survey of development banks," Policy Research Working Paper Series 5969, The World Bank.
    4. Hainz, Christa & Hakenes, Hendrik, 2012. "The politician and his banker — How to efficiently grant state aid," Journal of Public Economics, Elsevier, vol. 96(1), pages 218-225.
    5. 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.
    6. repec:wbk:wbpubs:27529 is not listed on IDEAS
    7. Pietro Calice, 2013. "Working Paper 174 - African Development Finance Institutions: Unlocking the Potential," Working Paper Series 470, African Development Bank.
    8. 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.

    More about this item

    Keywords

    National Governance; Corporate Law; Emerging Markets; Debt Markets; Banks&Banking Reform;

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