Synthesis of Review of Corporate Governance of State-Owned Enterprises in Burkina Faso, Mali, and Mauritania

This synthesis paper is based on a review of three countries in West Africa-Burkina Faso, Mali, and Mauritania where state owned enterprises (SOEs) continue to play an important role and Governments have embarked on a number of public sector reform...

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Main Authors: Bouri, Mazen, Nankobogo, Francois, Frederick, Rich
Format: Working Paper
Language:English
en_US
Published: World Bank, Washington, DC 2017
Subjects:
TAX
Online Access:http://documents.worldbank.org/curated/en/544581468191970452/Synthesis-of-review-of-corporate-governance-of-state-owned-enterprises-in-Burkina-Faso-Mali-and-Mauritania
http://hdl.handle.net/10986/27603
id okr-10986-27603
recordtype oai_dc
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
en_US
topic ACCOUNTABILITY
ACCOUNTING
ACCOUNTING SYSTEMS
AFFILIATE
ANTI-CORRUPTION
AUDITING
AUDITORS
AUDITS
AUTHORITY
BANK FAILURE
BANK LENDING
BANKRUPTCY
BANKS
BOARDS OF DIRECTORS
BOND
CAPITAL RATIO
CAPITAL STRUCTURE
CENTRAL BANK
CITIZEN
CIVIL SOCIETY
CLIENT COUNTRIES
COMMODITIES
COMPETITIVE MARKET
COMPETITIVE MARKETS
CONFLICT OF INTEREST
CONSENSUS
CONSOLIDATION
CORPORATE BOND
CORPORATE GOVERNANCE
CORPORATE GOVERNANCE FRAMEWORK
COUNCIL OF MINISTERS
DATA COLLECTION
DECISION MAKING
DECISION MAKING PROCESSES
DECISION MAKING STRUCTURES
DECISION-MAKING
DECREE
DECREES
DEMOCRACY
DEPOSITS
DEVELOPING COUNTRIES
DEVELOPING COUNTRY
DEVELOPMENT BANKS
DEVELOPMENT FINANCE
DISCLOSURE
DIVIDENDS
DYSFUNCTIONAL GOVERNANCE
ECONOMIC DEVELOPMENT
ECONOMIC PERFORMANCE
EQUITY CAPITAL
EXCHANGE RATE
EXCHANGE RATES
EXTERNAL ACCOUNTABILITY
EXTERNAL AUDITORS
FEDERAL GOVERNMENT
FINANCE MINISTRIES
FINANCIAL CRISIS
FINANCIAL DATA
FINANCIAL INFORMATION
FINANCIAL INSTITUTIONS
FINANCIAL INTERMEDIARY
FINANCIAL MARKETS
FINANCIAL PERFORMANCE
FINANCIAL RESOURCES
FINANCIAL STATEMENTS
FINANCIAL SUPPORT
FISCAL REVENUES
FOREIGN BANK
FOREIGN COMPANY
FOREIGN INVESTMENT
FOREIGN INVESTORS
FORMAL EMPLOYMENT
FRAUD
FRAUDULENT ACTIVITIES
GOOD GOVERNANCE
GOVERNANCE ISSUES
GOVERNANCE PRACTICES
GOVERNANCE PROBLEMS
GOVERNANCE REFORM
GOVERNANCE REFORMS
GOVERNMENT AGENCY
GOVERNMENT BUDGETS
GOVERNMENT DEPARTMENTS
GOVERNMENT EXPENDITURES
GOVERNMENT INTERVENTION
GOVERNMENT INVOLVEMENT
GOVERNMENT OFFICIALS
GOVERNMENT OWNERSHIP
HARD BUDGET CONSTRAINTS
IMPLICIT GUARANTEES
INCENTIVE STRUCTURES
INFORMAL SECTOR
INFORMATION SHARING
INSOLVENCY
INSOLVENCY PROCEDURES
INSOLVENT
INSTITUTIONAL CAPACITY
INSTITUTIONAL FRAMEWORK
INSURANCE
INSURANCE POLICY
INTEREST RATE
INTERNAL AUDIT
INTERNAL AUDIT FUNCTION
INTERNAL CONTROL
INTERNAL CONTROLS
INTERNATIONAL BEST PRACTICE
INTERNATIONAL BEST PRACTICES
INVENTORY
INVESTMENT CLIMATE
INVESTMENT CLIMATE REFORMS
JUDICIARY
KEY PERFORMANCE INDICATORS
LACK OF ACCOUNTABILITY
LAWS
LEGAL DISPUTES
LEGAL FORM
LEGAL FRAMEWORK
LEGAL INSTITUTIONS
LEGAL REFORM
LEGAL STRUCTURES
LEGISLATION
LEVEL PLAYING FIELD
LIBERALIZATION
LIMITED LIABILITY COMPANY
LIQUIDATION
LOCAL BUSINESS
LOCAL CORPORATE GOVERNANCE
MANAGEMENT INFORMATION SYSTEMS
MANAGERIAL AUTONOMY
MARKET PRICE
MINISTERS
MINISTRIES OF FINANCE
MINISTRY OF FINANCE
MINORITY SHAREHOLDER
MINORITY SHAREHOLDER PROTECTIONS
MINORITY SHAREHOLDERS
MISMANAGEMENT
MOBILE PHONE
MONOPOLIES
MONOPOLY
NATIONAL ECONOMY
NATIONALIZATION
NATURAL RESOURCES
OWNERSHIP STRUCTURE
PARTICULAR COUNTRIES
PENSION
PENSIONS
PERFORMANCE CRITERIA
PERFORMANCE INDICATORS
PERFORMANCE MEASURES
POLITICAL ACCOUNTABILITY
POLITICAL COMMITMENT
POLITICAL ECONOMY
POLITICAL INFLUENCE
POLITICAL INTERFERENCE
POLITICAL PARTIES
POLLUTION
POOR GOVERNANCE
POOR PERFORMANCE
PORTFOLIO
POVERTY ALLEVIATION
PRIME MINISTER
PRIVATE BANKS
PRIVATE INVESTMENTS
PRIVATE INVESTORS
PRIVATE OWNERSHIP
PRIVATE SECTOR DEVELOPMENT
PRIVATIZATION
PRIVATIZATIONS
PROBLEM LOANS
PROFITABILITY
PUBLIC ACCOUNTABILITY
PUBLIC ENTERPRISES
PUBLIC HEALTH
PUBLIC OPINION
PUBLIC POLICY
PUBLIC SECTOR
PUBLIC SERVICES
RAPID GROWTH
REFORM PROGRAM
REGULATOR
REGULATORS
REGULATORY FRAMEWORK
REGULATORY OVERSIGHT
REMOTE LOCATION
REPRESENTATIVES
SHAREHOLDER
SHAREHOLDERS
SOCIAL CONDITIONS
SOCIAL OUTCOMES
SOCIAL PERFORMANCE
SOCIAL POLICIES
SOCIAL SERVICES
STATE AGENCIES
STATE AGENCY
STATE ASSETS
STATE BUDGETS
STATE ENTERPRISES
STATE INTERVENTION
STATE OWNERSHIP
STATE PARTICIPATION
STATE SECTOR
STATE-OWNED ENTERPRISES
STATISTICAL ANALYSIS
TAX
TAX COLLECTIONS
TRADE UNIONS
TRANSPARENCY
TREASURY
TURNOVER
VESTED INTERESTS
VOTING
spellingShingle ACCOUNTABILITY
ACCOUNTING
ACCOUNTING SYSTEMS
AFFILIATE
ANTI-CORRUPTION
AUDITING
AUDITORS
AUDITS
AUTHORITY
BANK FAILURE
BANK LENDING
BANKRUPTCY
BANKS
BOARDS OF DIRECTORS
BOND
CAPITAL RATIO
CAPITAL STRUCTURE
CENTRAL BANK
CITIZEN
CIVIL SOCIETY
CLIENT COUNTRIES
COMMODITIES
COMPETITIVE MARKET
COMPETITIVE MARKETS
CONFLICT OF INTEREST
CONSENSUS
CONSOLIDATION
CORPORATE BOND
CORPORATE GOVERNANCE
CORPORATE GOVERNANCE FRAMEWORK
COUNCIL OF MINISTERS
DATA COLLECTION
DECISION MAKING
DECISION MAKING PROCESSES
DECISION MAKING STRUCTURES
DECISION-MAKING
DECREE
DECREES
DEMOCRACY
DEPOSITS
DEVELOPING COUNTRIES
DEVELOPING COUNTRY
DEVELOPMENT BANKS
DEVELOPMENT FINANCE
DISCLOSURE
DIVIDENDS
DYSFUNCTIONAL GOVERNANCE
ECONOMIC DEVELOPMENT
ECONOMIC PERFORMANCE
EQUITY CAPITAL
EXCHANGE RATE
EXCHANGE RATES
EXTERNAL ACCOUNTABILITY
EXTERNAL AUDITORS
FEDERAL GOVERNMENT
FINANCE MINISTRIES
FINANCIAL CRISIS
FINANCIAL DATA
FINANCIAL INFORMATION
FINANCIAL INSTITUTIONS
FINANCIAL INTERMEDIARY
FINANCIAL MARKETS
FINANCIAL PERFORMANCE
FINANCIAL RESOURCES
FINANCIAL STATEMENTS
FINANCIAL SUPPORT
FISCAL REVENUES
FOREIGN BANK
FOREIGN COMPANY
FOREIGN INVESTMENT
FOREIGN INVESTORS
FORMAL EMPLOYMENT
FRAUD
FRAUDULENT ACTIVITIES
GOOD GOVERNANCE
GOVERNANCE ISSUES
GOVERNANCE PRACTICES
GOVERNANCE PROBLEMS
GOVERNANCE REFORM
GOVERNANCE REFORMS
GOVERNMENT AGENCY
GOVERNMENT BUDGETS
GOVERNMENT DEPARTMENTS
GOVERNMENT EXPENDITURES
GOVERNMENT INTERVENTION
GOVERNMENT INVOLVEMENT
GOVERNMENT OFFICIALS
GOVERNMENT OWNERSHIP
HARD BUDGET CONSTRAINTS
IMPLICIT GUARANTEES
INCENTIVE STRUCTURES
INFORMAL SECTOR
INFORMATION SHARING
INSOLVENCY
INSOLVENCY PROCEDURES
INSOLVENT
INSTITUTIONAL CAPACITY
INSTITUTIONAL FRAMEWORK
INSURANCE
INSURANCE POLICY
INTEREST RATE
INTERNAL AUDIT
INTERNAL AUDIT FUNCTION
INTERNAL CONTROL
INTERNAL CONTROLS
INTERNATIONAL BEST PRACTICE
INTERNATIONAL BEST PRACTICES
INVENTORY
INVESTMENT CLIMATE
INVESTMENT CLIMATE REFORMS
JUDICIARY
KEY PERFORMANCE INDICATORS
LACK OF ACCOUNTABILITY
LAWS
LEGAL DISPUTES
LEGAL FORM
LEGAL FRAMEWORK
LEGAL INSTITUTIONS
LEGAL REFORM
LEGAL STRUCTURES
LEGISLATION
LEVEL PLAYING FIELD
LIBERALIZATION
LIMITED LIABILITY COMPANY
LIQUIDATION
LOCAL BUSINESS
LOCAL CORPORATE GOVERNANCE
MANAGEMENT INFORMATION SYSTEMS
MANAGERIAL AUTONOMY
MARKET PRICE
MINISTERS
MINISTRIES OF FINANCE
MINISTRY OF FINANCE
MINORITY SHAREHOLDER
MINORITY SHAREHOLDER PROTECTIONS
MINORITY SHAREHOLDERS
MISMANAGEMENT
MOBILE PHONE
MONOPOLIES
MONOPOLY
NATIONAL ECONOMY
NATIONALIZATION
NATURAL RESOURCES
OWNERSHIP STRUCTURE
PARTICULAR COUNTRIES
PENSION
PENSIONS
PERFORMANCE CRITERIA
PERFORMANCE INDICATORS
PERFORMANCE MEASURES
POLITICAL ACCOUNTABILITY
POLITICAL COMMITMENT
POLITICAL ECONOMY
POLITICAL INFLUENCE
POLITICAL INTERFERENCE
POLITICAL PARTIES
POLLUTION
POOR GOVERNANCE
POOR PERFORMANCE
PORTFOLIO
POVERTY ALLEVIATION
PRIME MINISTER
PRIVATE BANKS
PRIVATE INVESTMENTS
PRIVATE INVESTORS
PRIVATE OWNERSHIP
PRIVATE SECTOR DEVELOPMENT
PRIVATIZATION
PRIVATIZATIONS
PROBLEM LOANS
PROFITABILITY
PUBLIC ACCOUNTABILITY
PUBLIC ENTERPRISES
PUBLIC HEALTH
PUBLIC OPINION
PUBLIC POLICY
PUBLIC SECTOR
PUBLIC SERVICES
RAPID GROWTH
REFORM PROGRAM
REGULATOR
REGULATORS
REGULATORY FRAMEWORK
REGULATORY OVERSIGHT
REMOTE LOCATION
REPRESENTATIVES
SHAREHOLDER
SHAREHOLDERS
SOCIAL CONDITIONS
SOCIAL OUTCOMES
SOCIAL PERFORMANCE
SOCIAL POLICIES
SOCIAL SERVICES
STATE AGENCIES
STATE AGENCY
STATE ASSETS
STATE BUDGETS
STATE ENTERPRISES
STATE INTERVENTION
STATE OWNERSHIP
STATE PARTICIPATION
STATE SECTOR
STATE-OWNED ENTERPRISES
STATISTICAL ANALYSIS
TAX
TAX COLLECTIONS
TRADE UNIONS
TRANSPARENCY
TREASURY
TURNOVER
VESTED INTERESTS
VOTING
Bouri, Mazen
Nankobogo, Francois
Frederick, Rich
Synthesis of Review of Corporate Governance of State-Owned Enterprises in Burkina Faso, Mali, and Mauritania
geographic_facet Africa
Burkina Faso
Mali
Mauritania
relation Africa Region Working Paper Series;No. 131
description This synthesis paper is based on a review of three countries in West Africa-Burkina Faso, Mali, and Mauritania where state owned enterprises (SOEs) continue to play an important role and Governments have embarked on a number of public sector reforms are intended to have a positive impact on SOEs. SOE governance practices and problems are having strong similarities in all of the countries reviewed. These commonalities can be ascribed to the fact that all of the countries are transitioning from centrally controlled economic and political traditions to more liberal economies and to a more democratic government. All are facing challenges with implementing the legal structures left behind from colonial times. The data that is available shows that wholly-owned and state controlled SOEs under perform. Many are technically insolvent and survive only through government support. Their performance is not only poor in the financial area but also in the provision of needed social services. The country studies link the poor performance of SOEs, in particular wholly-owned SOEs, to their governance practices. Long-lasting reforms are not simply a matter of plugging holes in the legislative or institutional framework. Corporate governance is the result of a complex interplay of law, practice, institutions and culture. Action plans need to take into account incentives and the political, social and cultural context of corporate governance in the country in addition to the legal framework. Indeed, SOE governance is a system and making it work better requires a systems approach. Most reform plans in the past have focused on one or another element of SOE governance, which might explain why many have fallen short of hopes and expectations. Systems approaches, on the other hand, are important in complex organizations (such as SOEs) whose success depends upon the interaction and cooperation of other organizations and institutions. This synthesis paper presents the objectives and the methodology used in carrying out the reviews followed by a discussion of the features and importance of SOEs in each of the countries studied. It then segues into a discussion on the performance of SOEs which is supplemented by case studies of both successful and unsuccessful SOEs and key lessons learned the paper then presents the current Government initiatives for reform and the remaining challenges and recommendations. The paper concludes with suggestions on how to implement the recommendations based on examples from other countries that have embarked on comprehensive governance reforms for the SOE sector.
format Working Paper
author Bouri, Mazen
Nankobogo, Francois
Frederick, Rich
author_facet Bouri, Mazen
Nankobogo, Francois
Frederick, Rich
author_sort Bouri, Mazen
title Synthesis of Review of Corporate Governance of State-Owned Enterprises in Burkina Faso, Mali, and Mauritania
title_short Synthesis of Review of Corporate Governance of State-Owned Enterprises in Burkina Faso, Mali, and Mauritania
title_full Synthesis of Review of Corporate Governance of State-Owned Enterprises in Burkina Faso, Mali, and Mauritania
title_fullStr Synthesis of Review of Corporate Governance of State-Owned Enterprises in Burkina Faso, Mali, and Mauritania
title_full_unstemmed Synthesis of Review of Corporate Governance of State-Owned Enterprises in Burkina Faso, Mali, and Mauritania
title_sort synthesis of review of corporate governance of state-owned enterprises in burkina faso, mali, and mauritania
publisher World Bank, Washington, DC
publishDate 2017
url http://documents.worldbank.org/curated/en/544581468191970452/Synthesis-of-review-of-corporate-governance-of-state-owned-enterprises-in-Burkina-Faso-Mali-and-Mauritania
http://hdl.handle.net/10986/27603
_version_ 1764464978952192000
spelling okr-10986-276032021-04-23T14:04:43Z Synthesis of Review of Corporate Governance of State-Owned Enterprises in Burkina Faso, Mali, and Mauritania Bouri, Mazen Nankobogo, Francois Frederick, Rich ACCOUNTABILITY ACCOUNTING ACCOUNTING SYSTEMS AFFILIATE ANTI-CORRUPTION AUDITING AUDITORS AUDITS AUTHORITY BANK FAILURE BANK LENDING BANKRUPTCY BANKS BOARDS OF DIRECTORS BOND CAPITAL RATIO CAPITAL STRUCTURE CENTRAL BANK CITIZEN CIVIL SOCIETY CLIENT COUNTRIES COMMODITIES COMPETITIVE MARKET COMPETITIVE MARKETS CONFLICT OF INTEREST CONSENSUS CONSOLIDATION CORPORATE BOND CORPORATE GOVERNANCE CORPORATE GOVERNANCE FRAMEWORK COUNCIL OF MINISTERS DATA COLLECTION DECISION MAKING DECISION MAKING PROCESSES DECISION MAKING STRUCTURES DECISION-MAKING DECREE DECREES DEMOCRACY DEPOSITS DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPMENT BANKS DEVELOPMENT FINANCE DISCLOSURE DIVIDENDS DYSFUNCTIONAL GOVERNANCE ECONOMIC DEVELOPMENT ECONOMIC PERFORMANCE EQUITY CAPITAL EXCHANGE RATE EXCHANGE RATES EXTERNAL ACCOUNTABILITY EXTERNAL AUDITORS FEDERAL GOVERNMENT FINANCE MINISTRIES FINANCIAL CRISIS FINANCIAL DATA FINANCIAL INFORMATION FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIARY FINANCIAL MARKETS FINANCIAL PERFORMANCE FINANCIAL RESOURCES FINANCIAL STATEMENTS FINANCIAL SUPPORT FISCAL REVENUES FOREIGN BANK FOREIGN COMPANY FOREIGN INVESTMENT FOREIGN INVESTORS FORMAL EMPLOYMENT FRAUD FRAUDULENT ACTIVITIES GOOD GOVERNANCE GOVERNANCE ISSUES GOVERNANCE PRACTICES GOVERNANCE PROBLEMS GOVERNANCE REFORM GOVERNANCE REFORMS GOVERNMENT AGENCY GOVERNMENT BUDGETS GOVERNMENT DEPARTMENTS GOVERNMENT EXPENDITURES GOVERNMENT INTERVENTION GOVERNMENT INVOLVEMENT GOVERNMENT OFFICIALS GOVERNMENT OWNERSHIP HARD BUDGET CONSTRAINTS IMPLICIT GUARANTEES INCENTIVE STRUCTURES INFORMAL SECTOR INFORMATION SHARING INSOLVENCY INSOLVENCY PROCEDURES INSOLVENT INSTITUTIONAL CAPACITY INSTITUTIONAL FRAMEWORK INSURANCE INSURANCE POLICY INTEREST RATE INTERNAL AUDIT INTERNAL AUDIT FUNCTION INTERNAL CONTROL INTERNAL CONTROLS INTERNATIONAL BEST PRACTICE INTERNATIONAL BEST PRACTICES INVENTORY INVESTMENT CLIMATE INVESTMENT CLIMATE REFORMS JUDICIARY KEY PERFORMANCE INDICATORS LACK OF ACCOUNTABILITY LAWS LEGAL DISPUTES LEGAL FORM LEGAL FRAMEWORK LEGAL INSTITUTIONS LEGAL REFORM LEGAL STRUCTURES LEGISLATION LEVEL PLAYING FIELD LIBERALIZATION LIMITED LIABILITY COMPANY LIQUIDATION LOCAL BUSINESS LOCAL CORPORATE GOVERNANCE MANAGEMENT INFORMATION SYSTEMS MANAGERIAL AUTONOMY MARKET PRICE MINISTERS MINISTRIES OF FINANCE MINISTRY OF FINANCE MINORITY SHAREHOLDER MINORITY SHAREHOLDER PROTECTIONS MINORITY SHAREHOLDERS MISMANAGEMENT MOBILE PHONE MONOPOLIES MONOPOLY NATIONAL ECONOMY NATIONALIZATION NATURAL RESOURCES OWNERSHIP STRUCTURE PARTICULAR COUNTRIES PENSION PENSIONS PERFORMANCE CRITERIA PERFORMANCE INDICATORS PERFORMANCE MEASURES POLITICAL ACCOUNTABILITY POLITICAL COMMITMENT POLITICAL ECONOMY POLITICAL INFLUENCE POLITICAL INTERFERENCE POLITICAL PARTIES POLLUTION POOR GOVERNANCE POOR PERFORMANCE PORTFOLIO POVERTY ALLEVIATION PRIME MINISTER PRIVATE BANKS PRIVATE INVESTMENTS PRIVATE INVESTORS PRIVATE OWNERSHIP PRIVATE SECTOR DEVELOPMENT PRIVATIZATION PRIVATIZATIONS PROBLEM LOANS PROFITABILITY PUBLIC ACCOUNTABILITY PUBLIC ENTERPRISES PUBLIC HEALTH PUBLIC OPINION PUBLIC POLICY PUBLIC SECTOR PUBLIC SERVICES RAPID GROWTH REFORM PROGRAM REGULATOR REGULATORS REGULATORY FRAMEWORK REGULATORY OVERSIGHT REMOTE LOCATION REPRESENTATIVES SHAREHOLDER SHAREHOLDERS SOCIAL CONDITIONS SOCIAL OUTCOMES SOCIAL PERFORMANCE SOCIAL POLICIES SOCIAL SERVICES STATE AGENCIES STATE AGENCY STATE ASSETS STATE BUDGETS STATE ENTERPRISES STATE INTERVENTION STATE OWNERSHIP STATE PARTICIPATION STATE SECTOR STATE-OWNED ENTERPRISES STATISTICAL ANALYSIS TAX TAX COLLECTIONS TRADE UNIONS TRANSPARENCY TREASURY TURNOVER VESTED INTERESTS VOTING This synthesis paper is based on a review of three countries in West Africa-Burkina Faso, Mali, and Mauritania where state owned enterprises (SOEs) continue to play an important role and Governments have embarked on a number of public sector reforms are intended to have a positive impact on SOEs. SOE governance practices and problems are having strong similarities in all of the countries reviewed. These commonalities can be ascribed to the fact that all of the countries are transitioning from centrally controlled economic and political traditions to more liberal economies and to a more democratic government. All are facing challenges with implementing the legal structures left behind from colonial times. The data that is available shows that wholly-owned and state controlled SOEs under perform. Many are technically insolvent and survive only through government support. Their performance is not only poor in the financial area but also in the provision of needed social services. The country studies link the poor performance of SOEs, in particular wholly-owned SOEs, to their governance practices. Long-lasting reforms are not simply a matter of plugging holes in the legislative or institutional framework. Corporate governance is the result of a complex interplay of law, practice, institutions and culture. Action plans need to take into account incentives and the political, social and cultural context of corporate governance in the country in addition to the legal framework. Indeed, SOE governance is a system and making it work better requires a systems approach. Most reform plans in the past have focused on one or another element of SOE governance, which might explain why many have fallen short of hopes and expectations. Systems approaches, on the other hand, are important in complex organizations (such as SOEs) whose success depends upon the interaction and cooperation of other organizations and institutions. This synthesis paper presents the objectives and the methodology used in carrying out the reviews followed by a discussion of the features and importance of SOEs in each of the countries studied. It then segues into a discussion on the performance of SOEs which is supplemented by case studies of both successful and unsuccessful SOEs and key lessons learned the paper then presents the current Government initiatives for reform and the remaining challenges and recommendations. The paper concludes with suggestions on how to implement the recommendations based on examples from other countries that have embarked on comprehensive governance reforms for the SOE sector. 2017-07-17T20:09:49Z 2017-07-17T20:09:49Z 2010-07-01 Working Paper http://documents.worldbank.org/curated/en/544581468191970452/Synthesis-of-review-of-corporate-governance-of-state-owned-enterprises-in-Burkina-Faso-Mali-and-Mauritania http://hdl.handle.net/10986/27603 English en_US Africa Region Working Paper Series;No. 131 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research :: Working Paper Publications & Research Africa Burkina Faso Mali Mauritania