Corporate governance of state-owned enterprises in Morocco

Reform of the state-owned enterprise sector in Morocco has undergone three distinct phases: 1) structural reforms in the 1980s, 2) modernisation of their environment in the 1990s, and 3) the liberalisation of numerous industries in the 2000s. These measures have had a positive impact on the performance of SOEs, whose role has grown in the country’s economic and social development over the years. This chapter outlines the experience of reform of the Moroccan SOE sector from the 1980s to today, focusing on the introduction of a corporate governance code specifically aimed at state-owned enterprises in 2011. The code is the second of its kind in the region and constitutes a major step towards enhancing governance practices, especially in commercially-oriented SOEs.

Towards New Arrangements for State Ownership in the Middle East and North Africa

Corporate governance of state-owned enterprises in Morocco

evolution and perspectives