ORIGINAL RESEARCH article
Front. Polit. Sci.
Sec. Comparative Governance
Volume 7 - 2025 | doi: 10.3389/fpos.2025.1511708
CORPORATE GOVERNANCE IMPLEMENTATION: A KEY INSTRUMENT FOR EFFECTIVE ADMINISTRATION AND MANAGEMENT OF STATE-OWNED
Provisionally accepted
- University of the Free State, Bloemfontein, South Africa
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Background: Corporate governance has become an increasingly important area of inquiry in recent years, as organisations worldwide strive to establish effective governance structures and processes that foster long-term prosperity. Purpose: This review aimed to explore the implementation of corporate governance in state-owned enterprises (SOEs). Methods: The article adopted a qualitative research methodology, employing a scoping review approach. This involved systematically searching relevant databases, screening studies, extracting data, and performing analyses. Results: The search revealed that the effective implementation of corporate governance is attainable and can enhance the performance of state-owned enterprises (SOEs) and minimise their financial dependency. However, despite the potential benefits of effective implementation of corporate governance in SOEs, the study highlighted the challenges associated with its implementation. These challenges include the exclusion of investors from the governance framework, the regular oversight of policies and procedures for internal control, the lack of political will, and the absence of effective monitoring and enforcement mechanisms. Therefore, the study suggested that policymakers should provide a clear SOE purpose, improve SOE governance regulations, and enhance financing capacity.
Keywords: Corporate Governance, implementation, Management, Board, potential, and state-owned enterprises
Received: 15 Oct 2024; Accepted: 05 May 2025.
Copyright: © 2025 Johannes, Hendriks and Maramura. This is an open-access article distributed under the terms of the Creative Commons Attribution License (CC BY). The use, distribution or reproduction in other forums is permitted, provided the original author(s) or licensor are credited and that the original publication in this journal is cited, in accordance with accepted academic practice. No use, distribution or reproduction is permitted which does not comply with these terms.
* Correspondence: Fillemon Nadhipite Johannes, University of the Free State, Bloemfontein, South Africa
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