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A state-owned enterprise (SOE) is a business entity created or owned by a national or local government, either through an executive order or legislation.SOEs aim to generate profit for the government, prevent private sector monopolies, provide goods at lower prices, implement government policies, or serve remote areas where private businesses are scarce.
The other state-owned commercial entities are mainly active in education, media, and transport. They execute state functions and fall under their respective line ministries. [2] Some of the state-owned enterprises in Namibia are: [3] [4]
Volksbank 43.3% SOE (retail banking group, with additional operations in Hungary, Romania and Malta) ORF: funded from television licence fee revenue, dominant player in the Austrian broadcast media; Österreichische Industrieholding (ÖIAG): Austrian industry-holding stock corporation for partially or entirely nationalized companies, as of 2005:
The United States federal government chartered and owned corporations operate to provide public services. Unlike government agencies such as the Environmental Protection Agency, the Bureau of Indian Affairs, or independent commissions, such as the Federal Communications Commission, the Nuclear Regulatory Commission, and others, they have a separate legal personality from the federal government.
Although in 2015 and 2016, senior government leaders discussed allowing private-sector investment into some of the more than 700 state-owned enterprises and recently released a report of a presidential review commission on SOE, which called for nationalization of SOEs, no concrete action has been taken on the topic yet. [2]
The overarching principle of SOE reform is to firmly implement the Party’s leadership and the modern enterprise system. This principle creates a political governance system in China’s SOEs—a Party-dominated governance system characterized by Party leadership, state ownership, Party cadre management, Party participation in corporate ...
Certified Health Education Specialist: CHES: National Commission for Health Education Credentialing, Inc. Certified Nutritionist CN (State) Department of Health. Minimum degree required for certification as a Certified Nutritionist. [54] Credentialed Professional Gerontologist CPG National Association for Professional Gerontologists
The function of SOEs is to operate successfully as a business, as profitable as those not owned by the Crown.The section of the Act defining this is usually interpreted as meaning that SOEs are expected to ready themselves for privatisation, though this is not always the case.