Essay About Privatization Process.The World Bank And Privatization Of State

Accounting
In order to prevent that unfairness, it should have set up more procedures in order to check the transactions for any mergers and acquisitions. I have found some laws that stated in the World Bank that I think is quite good, and it is pretty strict on the privatization process.The World Bank has set up law that provide for the privatization of State owned enterprises; the function of establishing a Privatization Agency is to ensure that the Agency achieves its objectives. The Agency may conduct privatization through public offering of shares; sale of shares through negotiated or competitive bids; management or employee buyouts by management or employees of a State owned enterprise; etc.However, for such privatization, agency should publish the method of privatization in at least two newspapers with a national circulation not less than seven days apart, details of the method of privatization, the bidding terms and conditions should be clearly stated.For more details restriction on privatization, please refer to the following website.Reference: