The Poer of Governance Enhancing the Performance of State-Oned Enterprises [Hardcover]

Eskom is a South African company that has developed from a state utility under apartheid into a competitive state-owned enterprise. This book draws on the knowledge about corporate governance in state-owned enterprises. It locates Eskom's experience in that context and argues that a state-owned enterprise can be run as efficiently as any other.Introduction PART ONE: THE POWER OF GOVERNANCE Why Corporate Governance Matters Hallmarks of Corporate Governance Leadership and Governance in State-Owned Enterprises The Legislative and Policy Framework in South Africa Financial Management and Governance PART TWO: ENHANCING THE PERFORMANCE OF STATE-OWNED ENTERPRISES Restructuring State-Owned Enterprises Appointing the Board of Directors Shareholder Performance Agreements Transparency and Reporting Public Procurement Conclusion Appendices

'... an excellent contribution to the never-ending governance debate.' - Mervyn E. King, SC Chairperson, King Committee on Corporate Governance

'When the state remains an owner of commercial enterprises, improving their corporate governance must be a public policy priority. Based on the South African experience, this book reflects on the difficulties and challenges faced in improving governance practices in state-owned enterprises and provides a timely primer for managers, regulators and others interested in this critical subject.' - Mats Isaksson, Head of Corporate Affairs Division, Organization for Economic Cooperation and Development (OECD)

'An important contribution to our understanding of governance and leadership of state-owned enterprises that provides a road map towards the improvement of corporate governance in state-owned enterprises in particular and corporations in general.' - Karugor Gatamah, Chief Executive Officer of the Centre for Corporate Governance and Secretariat for Pan African Corporate Governance Forum

REUEL J. KHOZA was Chairman of Eskom Holdings until August 2005, al“Y