Corporate governance reform strategies for State-Owned Enterprises (SOEs): An integrated review of literature

Abstract

The study centered on the corporate governance reform strategies for SOEs with a primary focus on Zimbabwean SOEs. The main objective of the study was to consider ways to enhance corporate governance practices by SOEs and corporate governance reform strategies adopted by SOEs. The primary goal of identifying main strategies that may be used to reform SOEs that includes developing relevant corporate governance legislation. The study reveals that corporate governance reform is necessary to rescue troubled SOEs which have been found under different situations of corporate governance malpractices. It is recommended that in Zimbabwe there is a need for more SOEs corporate governance workshops. Researcher also laid out that there is a need to carry out a further study on the effectiveness of corporate governance reform strategies being adopted by Zimbabwean SOEs that include the implementation of the PECG Act amongst other Acts of parliament that are meant to provide corporate governance of SOEs. Authors recommended that further studies on the corporate governance of SOEs would be most desirable as a way of addressing the pertinent problems currently bedevilling such SOEs in Zimbabwe.