Sunday 22 January 2007

Sunarsip
Head of Economist, The Indonesia Economic Intelligence

State-owned Business Corporation (BUMN)
Privatization of State-owned Business Corporation in 2007
Government will divest it’s share ownership on 14 corporation
IPO (Initially Public Offering), Right Issue, Secondary offering
Social problem and complexity
Slow-moving privatization
Polemics every privatization process
good corporate governance (GCG)
Performance of BUMN
Restructurization first
China and world class BUMN
grasp the large and let go of the small (zhua da fang xiao)
township-village enterprises (TVEs)
Regional operated corporation
Sold China’s BUMN was only 7 percent from total in 2000
Privatization after restructurization, Jean C Oi (2006)
Fired from workplace
Privatization trend
Shareholding
Employee stock option plans (ESOP)
Management stock option plans (MSOP)
Corporate bankruptcy
Common scheme
Low-cost solution
Extra deviden
Spin off
Productive assets
Stock exchange
Efficiency program
Unhealthy corporation
Stakeholder’s point of view

Original source:  Strategy of Privatization of China’s State-owned Business Corporation