Corporate Governance in the Region Cover Image

Корпоративно управљање у земљама региона
Corporate Governance in the Region

Author(s): Miodrag Mićović
Subject(s): Economy, Business Economy / Management
Published by: Правни факултет Универзитета у Источном Сарајеву
Keywords: Model;System of management;Administration;Director;Supervisory Board;
Summary/Abstract: This paper analyzes the models of (one-tier, two-tier and mixed) governance in comparative law, but also the systematic and individual solutions for management issues that have been adopted in the region, i.e. in the countries of the former Yugoslavia. Based on the analysis, it is evident that in most countries of the region (Serbia, Croatia, Slovenia, Macedonia) a mixed system of governance is adopted. The system is based on the principle of freedom of contract and effect of the peremptory norms to a certain extent, which leaves enough space for the companies to decide on the model of governance. In any case, the system must comply with the material and personal substrate of the company.