engleski

The Role of Supervisory Boards Overlooking Small and Middle-Sized Maritime Companies in the Republic of Croatia

Characterized by the dual board structure of corporate governance, the supervisory board of small and middle-sized maritime companies assumes an ever more significant role, thus representing a quite significant economic segment for the export-orientated shipping countries. Due to the recession limitations and strong competitive rivalry, also coupled with the intensive focus of shipping companies hold on the challenge of maintaining liquidity and long-term market survival, whilst maintaining their traditional role of management monitoring, supervisory board members also participate in other business areas. This paper, using the multiple case studies method, based on the sample of six (6) small and middle-sized shipping companies in the Republic of Croatia, researches the impact supervisory boards have on business activities. More specifically, it aims to determine in what scope is their influence most prominent and whether the recession periods impact the sway the supervisory board holds, especially when compared to the periods of favorable economic conditions.

Supervisory board, Supervisory board impact, Small and middle-sized shipping companies

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