Click here for search results
Governance in state-owned enterprises revisited : the cases of water and electricity in Latin America and the Caribbean, Volume 1
Author:Andres, Luis Alberto; Guasch, Jose Luis; Azumendi, Sebastian Lopez; Country:Latin America;
Date Stored:2011/08/01Document Date:2011/08/01
Document Type:Policy Research Working PaperSubTopics:Governance Indicators; National Governance; Banks & Banking Reform; Corporate Law; Private Participation in Infrastructure
Language:EnglishRel. Proj ID:6L-Corporate Governance Of Soes In The Lac Region -- -- P108514;
Region:Latin America & CaribbeanReport Number:WPS5747
Collection Title:Policy Research working paper ; no. WPS 5747Volume No:1

Summary: This paper studies the governance structure of state-owned enterprises in the water and electricity sectors of Latin America and the Caribbean. Through a unique dataset, the paper compares 44 leading state companies of the region based on an aggregate measure of corporate governance and six salient aspects of their design: board, chief executive officer, performance orientation, management, legal framework, and transparency/disclosure. The results indicate the need for improvement in areas such as the selection and appointment of directors to the board and the performance-orientation of the enterprises. The paper also highlights the importance of discussing the management of state-owned enterprises in the wider context of public sector governance, with particular focus on accountability. Moreover, it recognizes the role of accountability as central in the management of state-owned enterprises, recommending a better understanding of regulation and performance management. The paper finds a positive correlation between corporate governance and the utilities' performance. Among the different aspects of corporate governance, performance orientation and professional management seem to be the highest contributors to well-performing state-owned enterprises. State-owned enterprises in the electricity sector show higher governance levels than those in the water sector.

Official Documents
Official, scanned versions of documents (may include signatures, etc.)
File TypeDescriptionFile Size (mb)
PDF 28 pagesOfficial version*1.96 (approx.)
TextText version**
How To Order

See documents related to this project
* The official version is derived from scanning the final, paper copy of the document and is the official,
archived version including all signatures, charts, etc.
** The text version is the OCR text of the final scanned version and is not an accurate representation of the final text.
It is provided solely to benefit users with slow connectivity.

Permanent URL for this page: