The aim of the paper is to analyze the current state of and prospects for the development of corporate governance in Belarus to ensure more effective and wide-scale implementation of the core principles of corporate governance in the state-controlled and the private sectors.

Under conditions of increased dynamics in world and domestic markets the necessity for shaping of competitive and effective economy increases. Under these circumstances reforming of SOEs becomes one of the most urgent problems. This work is devoted to the analysis of international experience of the privatization of SOEs.

This paper surveys implementation mechanisms and effects of privatization, the reform of corporate governance of SOEs, and the reform of bankruptcy procedure.