Clearly specified fiduciary responsibilities and governance would help to ensure that publicly held assets were managed to maximize long-term risk-adjusted returns, with the state and citizens as beneficiaries and the market as the arbiter of efficiency and innovation. The best-managed state-owned enterprises could emerge – or remain – as successful and prominent players, adapting to expanded market competition and combining innovation with economies of scale.
明确界定的受托责任和治理将有助于确保公有资产能最大限度地追求规避风险的长期回报，使得国家和公民同时收益而市场则成为效率与创新程度的裁决者。管理最完善的国有企业将脱颖而出——或维持——成为成功和长期的市场参与者，适应不断扩大的市场竞争并实现创新与规模经济的结合。