On June 2002, the OECD Steering Group on Corporate Governance has requested the OECD Working Group on Privatisation and Corporate Governance of State Owned Assets to prepare a series of non binding principles and best practice standards on the corporate governance of state owned enterprises. The Guide in question consists of these principles determined by the OECD with the objective of the state owned enterprises in all categories to be governed professionally and for good corporate governance practices to be carried out. The Guideline is formed of two sections. The first section consists of the principles: I) Maintaining an Efficient Legal and Regulatory Framework for State Owned Enterprises; II) The State as the Employer; III) Shareholders to be Subject to Fair Treatment; IV) Relations with the Stakeholders; V) Transparency and Making Explanations to the Public; VI) Responsibilities of the Board of Directors of State Owned Enterprises. In the second section of the guide, explanations are made regarding the principles stated in the first section.