Guidance on Board Effectiveness Handbook for State-Owned Enterprises (EE,LV,LT) - 2013

Guidance on Board Effectiveness Handbook for State-Owned Enterprises (EE,LV,LT) - 2013


Date :

1 October 2013

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State-Owned Enterprises (SOE’s) are an important part of the economy in the Baltic States, how they are managed and governed impact the economy and set the tone at the top for not only for SOE’s but for the private sector as well. In June 2010 the Baltic Institute of Corporate Governance published “Baltic Guidance on the Governance of Government-owned Enterprises” this was intended as a road m
ap for the Governments to bridge the GAP between current practices and OECD Guidelines on Corporate Governance of State Owned Enterprises. In May 2012 we published Governance of State-owned Enterprises in the Baltic States, intended as a rating of reform progress both in companies, legal framework and public opinion. This new handbook has been developed to improve the work in the boards of the SOE’s in Estonia, Latvia and Lithuania and help the parties involved create international best practice boards. The handbook is an adaptation of the Financial Reporting Council (UK), “Guidance on Board Effectiveness” originally published in March 2011. The appendix section mainly draws from the preceding document from FRC, “Good Practice Suggestions from the Higgs Report” We thank the FRC for their generous support in allowing BICG to adopt their documents for this purpose. We also want to thank ICSA (the Institute of Chartered Sec

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Grégoire Bestaux