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Making Ownership of State-Owned Enterprises (SOEs) Successful: The Case of Lithuania

March 2, 2021

Online

  •  | 

    This session presented the findings of the Lithuania Case Study featured in the publication

    Lithuania¡¯s reform of the state-owned enterprises (SOEs) ownership and corporate governance is often cited as revolutionary. This view is especially supported by the reforms implemented over the past several years preparing the country¡¯s accession to the Organisation for Economic Co-operation and Development (OECD) in 2018. The OECD accession could be reasonably seen as one of the main factors behind the major changes in the country¡¯s corporate governance framework in general and its SOE sector, in particular. The background of 2009 economic contraction of 15 percent of GDP created an additional push for revisiting SOEs contribution to the economy.

    This session presented the five major sets of lessons from the changes in the governance of Lithuania¡¯s SOE sector since 2010 and the significant reforms around Lithuania¡¯s accession to the OECD in 2018. Panelists also discussed whether all SOE governance reforms had an impact on SOE returns, financial and non-financial, and what remains to be done.

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  • OPENING REMARKS

    Jovita Neliup?ien?, Vice-Minister of the Economy and Innovation, Republic of Lithuania

    Marcus Heinz, Resident Representative, Poland and the Baltic States, World Bank

    CHAIR

    Roby Senderowitch, Practice Manager, Governance Global Practice, Europe and Central Asia ¨C West, World Bank

    Vidas Danielius, Director, Governance Coordination Centre, Government of Lithuania

    DISCUSSANT

    Alexandre Arrobbio, Practice Manager, Governance Global Practice, Africa Region, World Bank

    Brian Finn, Senior Policy Advisor, Public Governance Directorate, OECD