UPRAVLJANJE JAVNIM TRGOVAČKIM DRUŠTVIMA U REPUBLICI HRVATSKOJ
GOVERNANCE IN PUBLIC COMPANIES IN THE REPUBLIC OF CROATIA

Summary/Abstract: Public goods as a set of values of interest to the whole community in the Republic of Croatia are entrusted to the management of public enterprises within the wider scope of the public sector. Therefore, public enterprises operate on two opposite principles: economy (productivity) and to an appropriate extent on the principle of non-mercantilism through state participation in the contribution of costs of products and services that public enterprises place on the market. Public companies in the Croatian legal system are defined as business entities that manage state property or property owned by the Republic of Croatia. The basic legal acts that determine the management of state property are arranged according to legal force: "Law on State Property Management", "Strategy for State Property Management", "Decree on Conditions for Election and Appointment of Members of Supervisory Boards and Management Boards of Legal Interest of the Republic of Croatia" and the manner of their election” and “Decision on legal entities of special interest to the Republic of Croatia”. In addition, the Croatian state has ownership in significant business organizations, which are not considered public companies, and the care of ownership in these organizations is entrusted to government officials in the management structure of business organizations. Management is a regulatory process that defines the mission, vision and strategy of organizations, and the right to manage belongs to the owner of the property. The management structure in public enterprises that manages state property is determined by normative acts and principles of state property management.

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