scholarly journals Транспарентност у корпоративном управљању // Transparency in corporate governance

2013 ◽  
Vol 11 (19) ◽  
pp. 9 ◽  
Author(s):  
Здравко Тодоровић ◽  
Саша Бунић ◽  
Игор Тодоровић
Keyword(s):  
Corporate Governance ◽  
Law Enforcement ◽  
General Public ◽  
Transition Countries ◽  
Economic Conditions ◽  
Market Conditions ◽  
Significant Aspect ◽  
Governance Process ◽  
The Republic ◽  
Transparency And Disclosure

Резиме: Значајан  аспеката корпоративног управљања односи се на транспарентност и објављивање података, који предузећу могу да пруже бројне предности у пословању и значајно допринесу стицању повјерења инвеститора. Међутим, ниска транспарентност је проблем у многим предузећима, посебно у земљама у транзицији, због специфичних тржишних околности и недостатака одговорајућег механизма за спровођење закона. Циљ истраживања је описати и анализирати начин на који предузећа у Републици Српској објављују информације корпоративног управљања на својим интернетским страницама, те анализирати значај транспарентности из перспективе корпоративног управљања, како би се идентификовали елементи овог процеса. На овај начин треба да се обезбиједи додатно побољшање и унапређење знања и разумијевања транспарентности. Истраживање ће, поред анализе интернетских страница предузећа у Републици Српској, обухватити и предузећа из Хрватске и Србије, како би се могло поредити стање транспарентности са земљама у сличним културолошким и економским условима, те идентификовати сазнања о искуствима који могу помоћи у побољшању транспарентности. Поред тога, циљ је да се, уз помоћ резултата истраживања, установе најбоља рјешења за побољшање транспарентности предузећа, која могу користити менаџменту предузећа, инвеститорима, широј јавности, те свим осталим учесницима у процесу корпоративног управљања u Републици Српској.Summary: A significant aspect of corporate governance refers to the transparency and disclosure, which can provide numerous benefits to company’s business and significantly contribute to gaining investors confidence. However, low transparency and disclosure is problem in many companies, especially in transition countries, due to specific market conditions and lack adequate mechanism for law enforcement. The aim of the research is to describe and analyze the way in which companies in the Republic of Srpska disclosure information about corporate governance on its website, and to analyze the importance of transparency of information from the perspective of corporate governance, in order to identify the elements of this process. This will try to ensure further improvement and advancement of knowledge and understanding of transparency. Research, in addition to analysis of website of companies in the Republic of Srpska, includes companies from the Croatian and Serbia, in order to compare the level of transparency with countries with similar cultural and economic conditions, and identify the experiences and practices that could help improve transparency. In addition, the aim is that, with the help of research results develop the best solutions to improve the transparency and disclosure of companies, which can be used by management companies, investors and the general public, and all other participants in the corporate governance process in the Republic of Srpska.

scholarly journals INCREASE OF COMPETITIVENESS IN THE CONDITIONS OF CORPORATE GOVERNANCE OF AGROINDUSTRIAL COMPLEX ENTERPRISES OF THE REPUBLIC OF TATARSTAN

2018 ◽  
Vol 12 (4) ◽  
pp. 110-115 ◽  
Author(s):  
Айгуль Клычова ◽  
Augul Klychova ◽  
Салават Гирфанов ◽  
Salavat Girfanov ◽  
Гульнара Крупина ◽  
...  
Keyword(s):  
Corporate Governance ◽  
Economic Conditions ◽  
Industrial Complex ◽  
Management Tools ◽  
Stochastic Conditions ◽  
Efficiency And Effectiveness ◽  
The Republic ◽  
Agroindustrial Complex ◽  
Sustainable Economic Growth ◽  
Further Development

The development of agro-industrial complex of the Republic of Tatarstan in the current economic conditions is a key element in the formation of food security and the competitiveness of the region. Further achievement of competitiveness is possible in terms of further development of the corporate approach, methods and management tools, that will increase the efficiency and effectiveness of the agro-industrial complex of the Republic of Tatarstan. The article considers the corporate governance features, which consists in the search by enterprises of agro-industrial complex of the Republic of Tatarstan for further sectoral parameters of development for sustainable economic growth, taking into account the stochastic conditions of activity, enterprises of this sector of the economy.

scholarly journals RELEVANCE OF THE CONCEPT OF FAIR PRICES AND PROFITS FOR THE COMMUNITY, (STUDY OF IBN TAYMIYYAH THOUGHTS ON JUSTICE IN TRADE)

2019 ◽  
Vol 11 (1) ◽  
pp. 1-18
Author(s):  
Zaenuddin Mansyur
Keyword(s):  
General Public ◽  
Economic Conditions ◽  
Community Study ◽  
Market Forces ◽  
Price Theory ◽  
Fair Price ◽  
Public Event ◽  
Market Conditions ◽  
Market Prices ◽  
Theory Of Justice

The urgency of justice in determining a price or profit in trade at least can construct the concerns of the leading cleric's Ibn Taymiyyah to bring up the theories associated with it. Ibn Taymiyah's involvement in bringing up the theory of justice in the field of trade was nothing but to improve the economic conditions of the community where he lived. Ibn Taimiyah's concern in the economy when he gave rise to fair price theory. According to him that a fair price is a price that can be formed by market forces that run freely is not determined by the party who has the goods so that the shortage of goods (supply decreases) or increasing population (demand rises) is not a reason to raise prices as freely as possible. While the theory of determining a fair price for Ibn Taymiyyah had an impact on determining a fair profit as well. Where profit-taking may also not be determined by the owner of the goods but profit-taking is based on market conditions in ways that are generally accepted. This means that the profit to be taken is a normal profit that can be received by all parties by providing the same price to the general public event even though there is a great need for the merchandise. Thus, determining a price is very relevant to making a profit. Where profits can be determined through market prices that do not cause gaps and exploitation to buyers.

scholarly journals Internal and External Supervisory Mechanisms in Corporate Governance

2009 ◽  
Vol 4 (2) ◽  
pp. 57-70 ◽  
Author(s):  
Darko Tipurić ◽  
Boris Tušek ◽  
Davor Filipović
Keyword(s):  
Corporate Governance ◽  
Audit Committee ◽  
Supervisory Board ◽  
Maximum Efficiency ◽  
Publicly Traded Companies ◽  
Good Corporate Governance ◽  
Governance Process ◽  
The Republic ◽  
The Impact ◽  
The Relationship

Internal and External Supervisory Mechanisms in Corporate GovernanceGood corporate governance depends on well balanced relations between supervisory mechanisms in the corporate governance process. Relations between the supervisory board, as the internal supervisory mechanism, and external auditing, as the external supervisory mechanism, are crucial for the development of good corporate governance practice. This paper focuses on analyzing the relationship between the supervisory board and external auditing in order to determine the current state of that relationship in the Republic of Croatia and to determine possible guidelines for improving the relationship between the supervisory board and external auditing in practice. In addition, this study analyzes the relationship between the supervisory board and external auditing, which could lead to the maximum efficiency of both the supervisory board and external auditing and tests that relationship in practice using publicly traded companies in Croatia. This study also analyzes the impact of the audit committee on the efficiency of the supervisory board and external auditing.

Tendencies of Forming a Multistructure Economy in Uzbekistan

2019 ◽  
Vol 5 (12) ◽  
pp. 305-311
Author(s):  
M. Ashurov ◽  
Yu. Shakirova ◽  
O. Turdibekov
Keyword(s):  
Corporate Governance ◽  
Private Sector ◽  
Modern Corporation ◽  
The Republic ◽  
Characteristic Features

The article discusses some issues of the formation of a multistructure economy in the Republic of Uzbekistan. The authors performed an analysis of the processes of privatization and privatization in the country. The general tendencies of privatization by stages and results are revealed and generalized. The characteristic features of the stages of denationalization are studied. The formation of the private sector and on the basis of this form of joint stock companies. The need for improving the mechanism of corporate governance in a modern corporation is highlighted.

Recommendations of The Ombudsman’s Dilemma: Between Law Enforcement Officials and Protection of Credibility

2018 ◽  
Vol 2 ◽  
pp. 1-12
Author(s):  
Dyah Adriantini Sintha Dewi
Keyword(s):  
Law Enforcement ◽  
Public Service ◽  
Public Services ◽  
Point Of View ◽  
Law Enforcement Officials ◽  
Muslim Majority ◽  
The Republic ◽  
The Government ◽  
The One ◽  
Oversight Body

The Ombudsman as an external oversight body for official performance, in Fikih Siyasah (constitutionality in Islam) is included in the supervision stipulated in legislation (al-musahabah al-qomariyah). Supervision is done so that public service delivery to the community is in accordance with the rights of the community. This is done because in carrying out its duties, officials are very likely to conduct mal administration, which is bad public services that cause harm to the community. The Ombudsman is an institution authorized to resolve the mal administration issue, in which one of its products is by issuing a recommendation. Although Law No. 37 of 2018 on the Ombudsman of the Republic of Indonesia states that the recommendation is mandatory, theombudsman's recommendations have not been implemented. This is due to differences in point of view, ie on the one hand in the context of law enforcement, but on the other hand the implementation of the recommendation is considered as a means of opening the disgrace of officials. Recommendations are the last alternative of Ombudsman's efforts to resolve the mal administration case, given that a win-win solution is the goal, then mediation becomes the main effort. This is in accordance with the condition of the Muslim majority of Indonesian nation and prioritizes deliberation in resolving dispute. Therefore, it is necessary to educate the community and officials related to the implementation of the Ombudsman's recommendations in order to provide good public services for the community, which is the obligation of the government.

ANALISA YURIDIS HAK KEBEBASAN BERPENDAPAT BERDASARKAN KETENTUAN UNDANG-UNDANG NOMOR 19 TAHUN 2016 TENTANG PERUBAHAN ATAS UNDANG-UNDANG NOMOR 11 TAHUN 2008 TENTANG INFORMASI DAN TRANSAKSI ELEKTRONIK

2020 ◽  
Vol 18 (1) ◽  
pp. 001
Author(s):  
Eddy Suwito
Keyword(s):  
Social Media ◽  
General Public ◽  
Legal Information ◽  
The Public ◽  
Harm To Others ◽  
The Law ◽  
The Republic

The development of technology that continues to grow, the public increasingly facilitates socialization through technology. Opinion on free and uncontrolled social media causes harm to others. The law sees this phenomenon subsequently changing. Legal Information Known as Information and Electronic Transaction Law or ITE Law. However, the ITE Law cannot protect the entire general public. Because it is an Article in the ITE Law that is contrary to Article in the 1945 Constitution of the Republic of Indonesia.

Soft Law Enforcement in the Nigerien Gendarmerie

2017 ◽  
Author(s):  
Mirco Göpfert
Keyword(s):  
Law Enforcement ◽  
Soft Law ◽  
The Law ◽  
The Republic

This chapter explores how gendarmes in the Republic of Niger, notwithstanding their aspiration for popular legitimacy, try to justify their actions, not to others, but to themselves. Civilians bring the stories of their problems to the gendarmes’ attention in the form of complaints. Whether a complaint turns into a case, and thus whether the gendarmes become active, depends on their appreciation of the complainant’s story and whether their ‘vocational ear’ is attuned to this story; and their vocational ear functions much more in terms of the material and moral gravity of the alleged offence, not in terms of the law.

Do disclosure and transparency affect bank’s financial performance?

2019 ◽  
Vol 19 (6) ◽  
pp. 1344-1361
Author(s):  
Isaiah Oino
Keyword(s):  
Risk Management ◽  
Corporate Governance ◽  
Financial Performance ◽  
Financial Institutions ◽  
Content Type ◽  
Loan Portfolios ◽  
Cent Level ◽  
Transparency And Disclosure ◽  
The Impact

Purpose The purpose of this paper is to examine the impact of transparency and disclosure on the financial performance of financial institutions. The emphasis is on assessing transparency and disclosure; auditing and compliance; risk management as indicators of corporate governance; and understanding how these parameters affect bank profitability, liquidity and the quality of loan portfolios. Design/methodology/approach A sample of 20 financial institutions was selected, with ten respondents from each, yielding a total sample size of 200. Principal component analysis (PCA), with inbuilt ability to check for composite reliability, was used to obtain composite indices for the corporate governance indicators as well as the indicators of financial performance, based on a set of questions framed for each institution. Findings The analysis demonstrates that greater disclosure and transparency, improved auditing and compliance and better risk management positively affect the financial performance of financial institutions. In terms of significance, the results show that as the level of disclosure and transparency in managerial affairs increases, the performance of financial institutions – as measured in terms of the quality of loan portfolios, liquidity and profitability – increases by 0.3046, with the effect being statistically significant at the 1 per cent level. Furthermore, as the level of auditing and the degree of compliance with banking regulations increases, the financial performance of banks improves by 0.3309. Research limitations/implications This paper did not consider time series because corporate governance does not change periodically. Practical implications This paper demonstrates the importance of disclosure and transparency in managerial affairs because the performance of financial institutions, as measured in terms of loan portfolios, liquidity and profitability, increases by 0.4 when transparency and disclosure improve, with this effect being statistically significant at the 1 per cent level. Originality/value The use of primary data in assessing the impact of corporate governance on financial performance, instead of secondary data, is the primary novelty of this study. Moreover, PCA is used to assess the weight of the various parameters.

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