This report is part of a World Bank review of Stateowned Enterprise (SOE) governance practices in Middle East and North Africa (MENA) countries. The review is responding to the scarcity of data about such practices in the MENA region. It initially covers six countries, including: Djibouti, Egypt, Jordan, Morocco, Oman, and Tunisia. The objective of the reviews is to develop and disseminate knowledge about SOE governance in the interests of promoting continued SOE reforms in the region. This report provides an overview of the SOE landscape and history in Oman, followed by a review of key dimensions of SOE governance practices. This includes a review of the following dimensions: (i) The legal and regulatory frameworks for SOEs; (ii) State ownership arrangements; (iii) Performance management frameworks; (iv) SOE board structures and functioning; (v) Transparency and disclosure practices; (vi) Procurement policies and practices; and (vii) Climate reporting practices. The framework for the review is based on the Organisation for Economic Cooperation and Development (OECD) Guidelines for SOE Corporate Governance and the World Bank's Integrated SOE Framework (iSOEF).
Authors
- Disclosure Date
- 2024/10/29
- Disclosure Status
- Disclosed
- Doc Name
- State-Owned Enterprises (SOES) in Oman : Review of SOE Governance Practices
- Pages
- 49
- Product Line
- Advisory Services & Analytics
- Published in
- United States of America
- Rel Proj ID
- 5M-Modernizing Soe Governance In Mena -- P177105
- Unit Owning
- EFI-MNA-GOV-FM & PS (EMNGU)
- Version Type
- Final
- Volume No
- 1
Table of Contents
- TABLE OF CONTENTS 3
- ABBREVIATIONS AND ACRONYMS 4
- ACKNOWLEDGEMENTS 5
- I. Executive Summary 6
- II. The SOE Landscape 11
- III. State Ownership Arrangements 18
- IV. Performance Management Framework 23
- V. SOE Board Structures and Functioning 25
- VI. Transparency and Disclosure 28
- VII. Procurement Policies and Practices 31
- VIII. Climate Reporting Practices 33
- IX. Recommendations 36
- Annexes 39
- Annex 1 List of Majority-Owned SOEs 40
- Annex 2 Methodological Framework and Approach 45
- References 47
- Image References 48
