State-Owned Enterprises: Beacons Of Integrity? The Case for Implementing the 10 Anti-Corruption Principles for State-Owned Enterprises
Description
State-owned enterprises (SOEs) play critical roles in developing, protecting and managing many nations’ wealth and essential services. They are present globally, nationally and locally, and are central to the daily lives of citizens, providing employment, goods and services in sectors such as transport, utilities, telecommunications, postal services and health. Recognising the importance of SOEs, their high level of responsibility as publicly owned entities and the business case for addressing their special corruption risks, Transparency International has developed the 10 Anti-Corruption Principles for SOEs to help and guide SOEs, supported by their state-owners, to reach high standards of integrity and transparency.
This paper sets out the case for countering corruption and for why SOEs should follow the anti-corruption framework of Transparency International's 10 Anti-Corruption Principles for SOEs. The paper builds on the results of Transparency International surveys that have shown that though SOEs have weaker practices of transparency than other businesses, given their public ownership they should be beacons of integrity and transparency for the societies they serve.
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