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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.

Banks & Banking Reform --- Corporate Governance --- Corporate Law --- Electricity --- Governance --- Governance Indicators --- National Governance --- Performance --- Private Participation in Infrastructure --- State Owned Enterprises --- Utilities --- Water

Choose an application

• Reference Manager
• EndNote
• RefWorks (Direct export to RefWorks)

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.

Banks & Banking Reform --- Corporate Governance --- Corporate Law --- Electricity --- Governance --- Governance Indicators --- National Governance --- Performance --- Private Participation in Infrastructure --- State Owned Enterprises --- Utilities --- Water

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• Reference Manager
• EndNote
• RefWorks (Direct export to RefWorks)

According to the 2015 Tanzania Water Point Mapping data, about 29 percent of all water points are non-functional, out of which 20 percent failed within the first year. This paper analyzes the various factors which impact water point failure and measures the relative contributions of these determinants. The results indicate that water points managed by village committees had a much higher likelihood of failure than those managed by private operators or water authority. Factors that cannot be modified such as hydrogeological factors play a major role in determining water points failure during the first year after installation. However, management type as well as the type of pump and technology matter considerably more in the short and medium term.

Access to Water --- Drinking Water --- Engineering --- Environment --- Environmental Engineering --- Groundwater --- Health and Sanitation --- Hydrology --- Inequality --- Rural and Small Town Water and Sanitation --- Rural Development --- Rural Water --- Rural Water Supply and Sanitation --- Sanitary Environmental Engineering --- Sanitation and Sewerage --- Small Private Water Supply Providers --- Town Water Supply and Sanitation --- Village Water Supply --- Water and Human Health --- Water Points --- Water Resources --- Water Supply --- Water Supply and Sanitation Economics --- Water Utilities