Trends and reforms of corporate governance in state-owned enterprises.
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https://doi.org/10.5281/zenodo.15647981##article.subject##:
State-owned enterprises (SOEs), Corporate governance, Governance reforms, Public sector governance, Accountability, Transparency, Political influence.##article.abstract##
This article analyzes the evolving dynamics of corporate governance in state-owned enterprises (SOEs),
emphasizing recent developments and reform efforts aimed at enhancing transparency, accountability, and efficiency.
SOEs play a pivotal role in many economies; however, they often face unique governance challenges due to government
ownership, political interference, and complex regulatory structures. The study explores major governance trends, such
as the adoption of international governance standards, the implementation of performance-based management, and the
integration of ESG (Environmental, Social, and Governance) criteria. It also evaluates the effectiveness of recent reforms,
including board professionalization, increased regulatory oversight, and broader stakeholder engagement. The paper
underscores the critical importance of a robust governance framework in addressing SOE-specific challenges, reducing
conflicts of interest, and fostering sustainable development.
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