2 Jun 2010

Performance measures for SOEs laid out

4:31 pm on 2 June 2010

State Owned Enterprises Minister Simon Power has released a set of 11 financial performance measures for SOE chief executives.

With the SOEs representing a $25 billion investment on behalf of taxpayers, he says, it's important they deliver an appropriate return.

Mr Power met with SOE chief executives last year to discuss their financial performance.

The measures, to be included in SOE statements of intent, will include shareholder returns, profitability and efficiency, and leverage and solvency.