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corporate governance is the combination of structures and processes by which state-owned companies are operated regulated or controlled it further enhances their competitiveness and operational efficiency to boost the economy ing to minister justin the overall compliance for soes governance agreement currently stands at 35 percent performance agreement 34 percent interpreted strategic business plan 29 while annual reports stands at 29 percent not special so again and then i think uh job also touched on that slightly we need to be the benchmark you know so when it comes to the quality of management and governance and compliance we should set the standard um it makes it difficult for us to challenge the private sector and accuse them of all kinds of things if we dont have our own house in order he also revealed that currently the soes total assets stands at 118 comma 5 billion dollars while total liabilities are at 60 billion dollars bringing the net asset value to 59.3 billion dollar