TY - BOOK ID - 133754816 TI - Strengthening the Governance and Performance of State-Owned Financial Institutions PY - 2007 PB - Washington, D.C., The World Bank, DB - UniCat KW - Banks and Banking Reform KW - Corporate governance KW - Corporate Law KW - Debt Markets KW - Disclosure KW - Emerging Markets KW - Finance and Financial Sector Development KW - Financial institution KW - Financial Institutions KW - Financial management KW - Financial Systems KW - Governance KW - Institutional foundations KW - Law and Development KW - Legislation KW - National Governance KW - Presidency KW - Private Sector Development KW - Public policy UR - https://www.unicat.be/uniCat?func=search&query=sysid:133754816 AB - 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. ER -