Introduction PART ONE: THE POWER OF GOVERNANCE Why Corporate Governance Matters Hallmarks of Corporate Governance Leadership and Governance in State-Owned Enterprises The Legislative and Policy Framework in South Africa Financial Management and Governance PART TWO: ENHANCING THE PERFORMANCE OF STATE-OWNED ENTERPRISES Restructuring State-Owned Enterprises Appointing the Board of Directors Shareholder Performance Agreements Transparency and Reporting Public Procurement Conclusion Appendices