State-owned enterprises (SOEs) are important because they produce public goods that affect both the economy and the quality of life of citizens, such as energy, water supply, transport and communications. SOEs, whether state agencies or privatized, face similar corruption risks to private sector companies but they have specific higher vulnerabilities coming from their closeness to governments and politics, the scale of assets they control, the considerable value of the public contracts they award and the  challenges of the markets and sectors they operate in (Transparency International 2017). G20 leaders should endorse a policy framework for promoting good governance, transparency and disclosure in SOEs, this should be the main goal of states when countering corruption (Transparency International 2017 and OECD 2016a).

Task Force: Social Cohesion, Global Governance and the Future of Politics