1. Public Governance OECD Guidelines on Corporate Governance of State-Owned Enterprises 2005

2. What is Public Governance? My abbreviation for governance of public institutions and publicly owned or controlled institutions (such as are state or municipal owned enterprises etc.) Public governance changes the classical approach of corporate governance to the principal agent problem: – Who is the principal of – Czech airlines, Ministry of Defense, Prague Public Transportation Company?

3. What is Public Governance In Public Governance, more effort and investigation shall be dedicated also to the selection process of one or multiple agents in the system: – Thus, public governance have many overlaps to political science and political economy – Of course, similarly to corporate governance, it is also based on law and economics, institutional economics, commercia law and management and has intersections with criminal law, finance …

4. Is Public Governance based on a shareholder or stakeholder model?

5. Typical issues falling under PG Governance of State-Owned Enterprises – Separation between state as owner and other functions of state – Operational management free of political influence – Equitable treatment of shareholders (state shall be neither priviledged nor disadvantaged) – Relationship with stakeholders (???) – Transparency and disclosure – Ability to get bankrupt – Ensure efficient boards and their role

6. Independent professionals? Experts in the sector and business?

7. Typical issues falling under PG Transparency and accountability of public bodies – Public procurements – Sales and rents of public property – Public – private partnerships – Remunerations and choice of executive managers – Liability – does in public sector exist duty of care and duty of loyalty? How does it work? – Control mechanisms – internal x external – Risk management

8. Typical issues falling under PG Development aid – Who is benefitting from the aid? – What are the costs of aid? – Does it reach its target? – Who is liable? International bodies – Who controls IMF, WB, OECD, EC…? – Transparency, liability, accountability…

9. Public governance information sources Just watch few chapters of Yes, (Prime) minister, to get the general idea on the mechanisms For nice speech on the changes and challenges of government in Internet age – see e.g. http://www.ted.com/talks/david_cameron.ht ml http://www.ted.com/talks/david_cameron.ht ml