Foreword
The rationale for developing A Policy Maker’s Guide to Privatisation is to support the implementation of the 2015 OECD Guidelines on Corporate Governance of State Owned Enterprises (“OECD SOE Guidelines”) and provide accompanying guidance specifically addressing best practices in privatisation. It responds to a request by the OECD Working Party on State Ownership and Privatisation Practices.
The Guide is informed by evidence gathering of recent experiences in privatisation and broadening of the ownership of SOEs and benefitted from the input of an informal task force of national experts on privatisation from Germany, Italy, Kazakhstan, Latvia, Norway, Sweden and the United Kingdom. It also draws on the conclusions of a Roundtable discussion entitled “Privatising SOEs: Recent experiences, good practices and the road ahead” held in March 2017, which brought together public officials, experts and OECD consultation partners, including the Business and Industry Advisory Committee (BIAC) and the Trade Union Advisory Committee (TUAC).
The Guide was authored by Sara Sultan Balbuena of the Corporate Governance and Corporate Finance Division in the OECD Directorate for Financial and Enterprise Affairs, with inputs from Alison McMeekin (Special section on anti-corruption and integrity in the privatisation process and Annex A). It also benefits from comments and inputs from Hans Christiansen, Korin Kane and Chung-a Park. The Guide was prepared for publication by Katrina Baker, Anne Nestour and Edward Smiley.