Nove.news

Now by Nove.news

Independent perspective. Global context.

Business

State-owned giants. Who holds them to account?

An OECD report scheduled for 22 October puts the governance of public enterprises under scrutiny across 58 economies.

Château de la Muette in Paris, home of the OECD, in March 2019.
Archive photo: MySociety / Wikimedia Commons · CC BY 2.0 · Source and rights

A report to watch today

The OECD has scheduled the presentation of Ownership and Governance of State-Owned Enterprises 2026 for 22 October at 09:00 CEST, or 10:00 in Bulgaria. Its advisory says the report covers 58 economies. At the time of this draft, the presentation is still ahead; no unpublished findings are being attributed to it. [1]

What the announced scope covers

The organisation says it will compare ownership arrangements, disclosure, boards and anti-corruption frameworks. These are mechanisms for examining how a public shareholder exercises control. The scope alone does not provide a ranking of countries, establish wrongdoing at an individual company or demonstrate that one ownership model always performs better. [1]

Context: public ownership needs clear objectives

A company can be asked to deliver a commercial return and serve a public purpose at the same time. Evaluating it requires clarity about both goals and about the cost of fulfilling them. Without that distinction, a loss may be presented either as inefficiency or as public service without enough evidence to support either explanation.

The useful questions after publication

Readers should look for comparable definitions, the period covered and whether disclosures distinguish the state's role as owner from its role as regulator. A benchmark is most useful when it makes those choices visible. Until the report is released, the advisory establishes its planned scope and launch time, rather than its conclusions.