The Organisation for Economic Co-operation and Development (OECD) called for a review of state-run firms’ operations amid an overlap of their regulatory and commercial functions.
In a policy paper, “Supporting State-Owned Enterprises Reform in the Philippines,” the OECD noted the importance of a clear separation between these functions to mitigate potential conflicts of interest.
“Such overlapping mandates underscore the continued need for careful functional reviews of each government-owned and -controlled corporations (GOCCs) operations to ensure competitive neutrality and avoid market distortions,” it said.
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