Javna poduzeća u Sustavu društvenog integriteta Bosne i Hercegovine
Public Enterprises in the Social Integrity System of Bosnia and Herzegovina

Author(s): Dragan Slipac
Subject(s): Governance, Public Administration, Public Law, Management and complex organizations, Corruption - Transparency - Anti-Corruption
Published by: Fondacija Centar za javno pravo
Keywords: Bosnia and Herzegovina; public companies; corruption; public sector; corporate governance; public interest; management;
Summary/Abstract: The widespread corruption in Bosnia and Herzegovina which takes on the character of systemic corruption has a negative impact on the organization and the effective functioning of the public sector as a whole, and especially to the efficient business activities of public enterprises. The author has shown some of the corruption problems that imply inefficient business activities of public enterprises analyzing the fundamental principles of corporate governance through transparency in the work, the functioning of management structures, conflicts of interest and internal controls and audits in the framework of the social integrity system of Bosnia and Herzegovina's path called horizontal control which determines the democratic functioning of institutions in the public and private sectors. The research is ultimately aimed to show the complexity of the organization and functioning of public enterprises within the framework of widespread corruption. That implies it is necessary to pay special attention to this issue in the future through improved legislation regarding corporate governance standards as well as through strategic planning in order to improve business efficiency in terms of satisfying the public interest.

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