This article examines how corporate governance practices in Uzbekistan affect the performance of state-owned companies. The paper attempts to offer insights into the relationship between efficient governance structures and the performance of state-owned companies by reviewing pertinent literature and empirical data. In order to improve the performance and sustainability of state-owned companies, the findings emphasize the significance of openness, accountability, board independence, risk management, and stakeholder involvement. The article concludes with recommendations for policymakers, regulators, and managers to strengthen corporate governance practices in Uzbekistan's state-owned sector