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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. Eduardo Fernández-Arias & Ricardo Hausmann & Ugo Panizza, 2020. "Smart Development Banks," Journal of Industry, Competition and Trade, Springer, vol. 20(2), pages 395-420, June.
    2. Régis MARODON, 2020. "Les banques de développement peuvent-elles relever le défi du développement durable ?," Working Paper 8eb18544-95bf-404e-bbfe-e, Agence française de développement.
    3. Gutierrez, Eva & Rudolph, Heinz P. & Homa, Theodore & Beneit, Enrique Blanco, 2011. "Development banks : role and mechanisms to increase their efficiency," Policy Research Working Paper Series 5729, 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 Publications - Reports 10216, The World Bank Group.
    6. Dan Costin NIŢESCU & Valentin MURGU, 2022. "Development banks – promoters of economic development?," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(4(633), W), pages 5-20, Winter.
    7. Pietro Calice, 2013. "Working Paper 174 - African Development Finance Institutions: Unlocking the Potential," Working Paper Series 470, African Development Bank.
    8. World Bank, 2008. "Slovenia : Pilot Diagnostic Review of Governance of the Banking Sector," World Bank Publications - Reports 12680, The World Bank Group.
    9. David Scott, 2009. "Banks in Crisis," World Bank Publications - Reports 10228, The World Bank Group.
    10. de Luna-Martinez, Jose & Vicente, Carlos Leonardo, 2012. "Global survey of development banks," Policy Research Working Paper Series 5969, The World Bank.
    11. Samantha Attridge & Yunnan Chen & Michael Mbate, 2020. "Performances financières et gouvernance d'entreprise des banques nationales de développement en Afrique," Working Paper a08f75a4-2f2e-4aa8-9994-d, Agence française de développement.
    12. E. Selyavina, 2015. "The Phenomenon Of National Development Bank: Theoretical Foundation And Effectiveness," Review of Business and Economics Studies // Review of Business and Economics Studies, Финансовый Университет // Financial University, vol. 3(1), pages 34-56.
    13. Régis MARODON, 2020. "Can development banks step up to the challenge of sustainable development?," Working Paper 8eb18544-95bf-404e-bbfe-e, Agence française de développement.
    14. Augusto de la Torre & Juan Carlos Gozzi & Sergio L. Schmukler, 2017. "Innovative Experiences in Access to Finance," World Bank Publications - Books, The World Bank Group, number 27529.
    15. Beck, Thorsten & Fuchs, Michael & Uy, Marilou, 2009. "Finance in Africa - Achievements and Challenges," Policy Research Working Paper Series 5020, The World Bank.
    16. Carlos Leonardo Vicente, 2014. "Elements to Consider When Establishing the Envisaged Development Bank of Mozambique : Policy Note," World Bank Publications - Reports 17360, The World Bank Group.

    More about this item

    Keywords

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