ABSTRACT
Whether one likes it or not, the state-owned enterprise, including the government corporation, remains an important part of the economic apparatus of virtually every country. That is especially true of jurisdictions which have yet to develop strong markets, and rely on greater levels of public ownership to overcome weak property rights. The balance between public and private ownership has of course shifted a great deal in the past two decades; however that shift is not completely unidirectional. Moreover, corporatised government enterprises can remain an important part of the landscape, since in the cases of partial privatisations (e.g., Sidak 2002), the entity in question is poised half way between a BC and a GC. For these reasons, it is important to conclude this book with an examination of some of the means by which the integrity of corporate governance in GCs can be improved.
