In many markets, state-controlled companies dominate the economy. The governance challenges these companies face are multifaceted and unique. For example, there is often the need to separate political from professional considerations when making important decisions and shaping the board. Incentives systems and practices that promote meritocracy (such as regular governance assessments and board evaluations) often become a headache for the leadership of organisations accustomed to a “civil service” mentality. In certain organisations, concerns over real or perceived corruption at a business level need to be proactively addressed while avoiding over-centralisation of decision making and the creation of “bottlenecks” at the top.
Nestor Advisors helps state-controlled groups address corporate governance challenges in a variety of national environments, in both developed and emerging markets. We have assisted financial institutions, holding companies, and firms in a variety of sectors, including energy, telecommunications, and mining.
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