Naslov
The Development of Corporate Governance: The Case of the Republic of Croatia
(Razvoj korporativnog upravljanja: slučaj Republike Hrvatske)

Autori
Gonan Božac, Marli

Vrsta, podvrsta i kategorija rada
Sažeci sa skupova, sažetak, znanstveni

Izvornik
Zbornik povzetkov referatov 27. mednarodne konference o razvoju organizacijskih znanosti “ Znanje za trajnostni razvoj” / - , 2008

Skup
27. mednarodne konference o razvoju organizacijskih znanosti “ Znanje za trajnostni razvoj”

Mjesto i datum
Portorož, Slovenija, 19.03.2008. - 21.03.2008

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
corporate governance; board of directors; two-tier system; dual board system; one-tier system; single board system; the Republic of Croatia

Sažetak
The purpose of this paper is to show the achieved level and tendencies of the future corporate governance development in the Republic of Croatia. The former research results indicate that supervisory boards of Croatian stock companies do not participate enough in corporate governance. The Croatian company law has included the one-tier system in the Commercial Code because of coming to terms with the EU law (Regulation EC No 2157/2001 from 8 October 2001), but also because of the principle of soft regulation, with no coercive regulations. Commercial Code from 2003 was amended and modified with the Amendment to the Commercial Code (Official Gazette No. 107 from 19 October 2007) that shall enter into force from 1 April 2008. In the period between the offered one-tier and two-tier organisation of the company shall be determined by the statute. The choice option between offered models will provide the shareholders with the possibility to choose the structure of the board in accordance with the company's size and market requirements. Therefore, the founders of the stock company will be able to choose between the two-tier and one-tier system as well as realise their right of choice through the amendment of the existing statute. If research results and practise point to a fact that successful supervisory boards in different countries of different systems have more in common than less successful boards within the same system, then strengthening of the supervisory role of boards of the Croatina stock companies is the proper way to do it, even more so because it si tightly connected with the discussion on convergence, discussions on the attempts of harmonisation of different models of corporate governance. It seems that it is possible to regulate important issues of corporate governance in Europe in such a way as to regard the other models of corporate governance as different possibilities to achieve the same aim. However, the development of the European Union company law and its reform introduce new standards adopted by Croatia as well.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA