ABSTRACT
Many of the public enterprises have been very well established. Most of them seem to adopt the personnel administration policies and practices from the “proper” public sector. The compensation and training programs are more intensive than the public sector. The government has privatized more than 40 public enterprises and reduced the number of SOEs from more than 100 to 59 (Indhapanya, 2001). However, SOE reform has not been undertaken as part of a concerted, board economic reform effort.
