SOE* account for more than 25% of GDP in several countries and the value of their assets exceed it by far. Globally they account for an estimated 20% of investment and about 5 % of direct employment – but also for much fiscal stress and exacerbating financial crises. SOE could indeed be the key to improving the state of the global economy and generating the needed resources for sustainable development. However, the reform paths chosen have mostly been ill-fitting and slow, with limited results. On the other hand, freer trade regimes and the increasingly disruptive business models could rapidly reduce the value SOE assets – and in effect impact the global efforts to finance and achieve inclusive development and address environmental concerns.
The Forum aims to address, de novo, challenges of SOE from public policy and business strategy perspectives for rapid and appropriate reform of the governance as well as corporate governance structures and processes.
The Forum – a non-profit association - is a singular independent and neutral platform that provides space to address the current and emerging challenges SOE are facing. It operates as an effective intermediary and facilitator in enhancing the governance standards and practices for larger sustainable and inclusive development. It is open to its members and potential stakeholders, including international bodies, development agencies and national-level institutions.