2011 PUBLIC ENTERPRISE REFORM AND PRIVATIZATION

 

DATES: APR  4 - 15, 2011
TUITION: $3950

 

 

 

Overview

The seminar will explore policies and action alternatives to support public enterprise restructuring, reform and privatization efforts. How can policymakers inform and mobilize stakeholders, including employees, to understand the benefits of restructuring and privatization? How can national economic and social welfare factors be taken into account? Is privatization the only way to improve enterprise performance, to alleviate fiscal distress? Case studies will be used to illustrate the techniques and dilemmas of restructuring and privatization.

This program is designed for policymakers; managers and directors of public enterprises; members of public enterprise reform and privatization agencies; legal, financial and regulatory advisors.

 Course Outline

Environment for Public Enterprise Reforms

  • Fiscal distress and economic liberalization
  •  Competition monopoly
  •  Country risk
  •  Political environment

 Factors Affecting the Performance of Public Enterprises

  • Measuring the performance of public enterprise
  •  Corporate governance and board-management relations
  •  Sources of finance, technology, management and monitoring

 Restructuring Strategies

  • Legal, institutional and regulatory issues
  •  Labor and management issues
  • Management contracts
  • Project finance alternatives, including BOT, concession, leasing and joint ventures

 Designing and Implementing a Privatization Program

  • National privatization strategies
  • Preparation and marketing of the program
  • Valuation techniques and considerations
  • Selling the enterprise

 Lessons of Privatization

  • International experiences in recent privatizations
  • Results of privatization
  • Assessing and documenting the economic and social welfare consequences of enterprise reform and privatization
  • Fostering and enabling environment for private sector development

Course Advisor

Jack L. Upper is a Senior Advisor at the International Law Institute. He was with the World Bank for over 25 years, first as a project analyst in various sectors, including banking, industry, municipal water supply and education. He subsequently was Division Chief in the Europe, Middle East Region and then Senior Lecturer in what is today the World Bank Institute. Earlier, he was Financial Analyst with the Ford Motor Company. He has degrees from Yale and the University of Michigan.

Sample of Selected Faculty

Judge William Froehlich, Administrative Judge, Atomic Safety & Licensing Board Panel, U.S. Nuclear Regulatory Commission

John Sullivan, Executive Director, The Center for International Private Enterprise

Victoria Rigby, Head, Finance, Privatization and Infrastructure Unit, Legal Department, World Bank

John Nellis, Co-director, Center for Global Development