Privatizations: the importance of management structure

In a country like Greece, with galloping recession, good corporate governance affords an exit strategy from the crisis, according to John Wilcox, Chairman of Sodali, a global leader in corporate governance advisory. Mr. Wilcox analyses the various needs of Greek companies in relation with others of Europe, points out that all state owned enterprises included in the privatization programme need fundamental changes in their operation and he underlines that Greek companies should initiate meaningful dialogue with their investors on certain critical issues imminently.