Report on Corporate Governance in State-Owned Enterprises – the Polish Perspective

Abstract

Since the last Polish parliamentary elections in 2015, some deep changes have been announced in the legal framework of state-owned companies. The changes are supposed to be mainly targeted at setting different rules of remuneration policy of the boards’ members compared to private-owned companies. They are meant to conquer recognised abuses in management and supervision areas of state-owned companies, which have not been overcome by recent, quite liberal legal regulations, nor by self-limitation and self-control. In addition corporate governance in Polish state-owned enterprises is facing massive changes. At the beginning of 2016, former Minister of Treasury Dawid Jackiewicz announced liquidation of the Ministry of Treasury in January 2017, and the revision of State’s supervision over the SOE. After liquidation of the Ministry of Treasury, ownership rights over SOEs will be exercised by sector ministries. The aim of the paper is to analyse the implementation of Chapter II of the OECD Guidelines on Corporate Governance of State-Owned Enterprises’ provisions into Polish legal order governing state-owned enterprises.