Geen diatitel

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Panel discussionAndré BettingHead of
Privatisation Participation Department,
Ministry of Finance, The Netherlands
11 November 2002
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• 1. Given the different roles a State has to play,
  a State can never act like a normal shareholder.
  States should therefore do their utmost to
  refrain from shareholder participation.

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• 2. Ownership of shares in companies should always
  be a transitional situation for States.

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• 3. Governments should separate the function of
  shareholder from other functions within the
  administration. However as long as SOE's are in
  a "sheltered" environment, this is not a real
  issue (and may even be counterproductive).

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• 4. Selling a minority stake in an SOE helps the
  State in it's role as shareholder and protects
  the company from interference by the State.

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• 5. The State should set an example as an active
  and responsible shareholder, even if it puts the
  SOE at an disadvantage to it's competitors.