Suchergebnisse

The highly concentrated ownership in the Bosnia and Herzegovina market provides a rich environment to explore corporate governance practices. The paper will assess effects that ownership structure of companies has on the level of implementation of corporate governance in companies listed on the Official market of the Banja Luka Stock Exchange. Results of implementation of the corporate governance in companies will be presented using Scorecard analysis for evaluation of the implementation of practices and principles of corporate governance for companies which are listed on the Official market of the Banja Luka Stock Exchange. Ownership structure will be presented in three groups of owners determined by controlling owner: government, domestic and foreign owners. Paper will show correlation and effect which different owners of companies have on the level of implementation of corporate governance in these companies. ; peer-reviewed

Corporate governance provides an answer to the question who controls the corporation and how. It involves a set of relationships between management, shareholders and stakeholders. Corporate governance in Bosnia and Herzegovina is within the legal jurisdiction of entities, and consequently there are two substantially aligned and yet completely distinct corporate governance systems, which separates Bosnia and Herzegovina as a state in the international environment into a specific category in terms of corporate governance. This paper will analyze ownership concentration in order to identify the characteristics of the corporate governance systems, then it will present the principles on which the legal framework for corporate governance in Bosnia and Herzegovina is defined, compare the business transparency standards with the transparency directive in the EU, and measure the quality level of corporate governance in order to define key areas for improvement of corporate governance in Bosnia and Herzegovina. The development and characteristics of the corporate governance systems in Bosnia and Herzegovina will be explored and compared with the regulatory framework and standards of corporate governance in the European Union. Special emphasis is on comparing the transparency principles and standards of corporations in Bosnia and Herzegovina with corporations in the European Union. The aim of the research is to compare the regulatory framework and characteristics of the corporate governance system in corporations in Bosnia and Herzegovina with the standards in the European Union, to identify similarities and differences and to define key areas for improvement of corporate governance in Bosnia and Herzegovina.

Corporate governance provides an answer to the question who controls the corporation and how. It involves a set of relationships between management, shareholders and stakeholders. Corporate governance in Bosnia and Herzegovina is within the legal jurisdiction of entities, and consequently there are two substantially aligned and yet completely distinct corporate governance systems, which separates Bosnia and Herzegovina as a state in the international environment into a specific category in terms of corporate governance.

This paper will analyze ownership concentration in order to identify the characteristics of the corporate governance systems, then it will present the principles on which the legal framework for corporate governance in Bosnia and Herzegovina is defined, compare the business transparency standards with the transparency directive in the EU, and measure the quality level of corporate governance in order to define key areas for improvement of corporate governance in Bosnia and Herzegovina. The development and characteristics of the corporate governance systems in Bosnia and Herzegovina will be explored and compared with the regulatory framework and standards of corporate governance in the European Union. Special emphasis is on comparing the transparency principles and standards of corporations in Bosnia and Herzegovina with corporations in the European Union. The aim of the research is to compare the regulatory framework and characteristics of the corporate governance system in corporations in Bosnia and Herzegovina with the standards in the European Union, to identify similarities and differences and to define key areas for improvement of corporate governance in Bosnia and Herzegovina.

Corporate reporting in Bosnia and Herzegovina is traditionally focused on meeting the legislation frame for the financial reporting. Changes in business environment influence on business perspective of doing business but also on decision making process for wide range of corporate stakeholders. All the matters aforesaid contribute to the necessary changes in traditional financial reporting. Risk reporting is only a first step of corporate reporting process improvement. The institutional frames for risk corporate reporting are IFRS and relevant EU directives. This paper analyzes requirements for corporate risk reporting in EU and Bosnia and Herzegovina. Further, authors will analyze present situation of meeting institutional requirements for corporate risk reporting in Bosnia and Herzegovina on the sample of listing companies on Federation of Bosnia and Herzegovina Stock Exchange - SASE and give some recommendation how to improve it.

This Technical Note evaluates state bank corporate governance practices in Bosnia and Herzegovina. The analysis was completed during October 27-November 18, 2014. This TN is not a formal assessment against the Basel Committee's Principles for Enhancing Governance; rather, it assesses key issues and provides a set of recommendations to the authorities with the view to strengthen state bank governance and the State's ownership structures in Bosnia and Herzegovina. The governments of the Federation of Bosnia and Herzegovina (FBiH) and the Republic of Srpska (RS) are involved in their domestic banking systems through equity stakes and subordinated debt investments in certain banking institutions. Banks' supervisory boards are not performing their intended leadership role.

Cover -- CONTENTS -- GOVERNMENT SPENDING IN BOSNIA AND HERZEGOVINA -- A. Level of Government Spending -- B. Structure and Efficiency of Government Spending -- C. Policy Recommendations -- TOWARD A MORE BALANCED TAX SYSTEM IN BOSNIA AND HERZEGOVINA -- A. Introduction -- B. Level and Structure of Tax Revenues in Bosnia and Herzegovina -- C. Tax Rate Structure -- D. Tax Efficiency -- E. Total Tax Wedge -- F. Conclusion -- BOX -- 1. General Recommendations on Revenue Mobilization -- TABLES -- 1 General Government Budgetary Operations, 2005-2014 -- 2a. General Government: Tax Structure and Tax Levels for Selected European Countries -- 2b. General Government: Tax Structure and Tax Levels for Selected European Countries -- 3. VAT, Corporate, and Individual Income Tax Rates for Selected European Countries, 2014 -- 4. Labor Income Taxation -- DIRE STATE OF LABOR MARKETS CALLS FOR BROAD-BASED REFORMS -- A. Worrisome Labor Market Trends -- B. Diagnostics of Structural Impediments -- C. Making BIH a more Conducive Place for Job Creation -- BOXES -- 1. The Region Is Moving On -- 2. Modernizing Labor Laws in Bosnia and Herzegovina -- REFERENCES.

Over the last few decades, corporate risk management has become a very important element of management to financial and non-financial companies. In the modern business environment every company is exposed to corporate risk. It can be said that the way to deal with the corporate risk has become a crucial competitive advantage for enterprises in all industry sectors. Reducing the impact of corporate risks such as financial risks, operational risks, strategic and hazardous risks, companies can reduce the volatility of cash flows, thus reducing the expected costs of financial difficulties and agency costs and increase the present value of expected future cash flows. Also, by reducing the volatility of cash flows company increases the likelihood of securing sufficient quantities of its own funds for planned investments, eliminating the need to cut profitable projects or bear the transaction costs of expensive external financing.

The paper presents the results of research on the practice of corporate risk management in large non-financial companies in Bosnia and Herzegovina. Data on corporate risk management were collected using a questionnaire. The questionnaire was sent to 120 companies from Bosnia and Herzegovina, where 66 companies provided the required answers to the questions on the basis of which is ultimately formed variable risk that indicates the level of implementation of corporate risk management. Based on the study on the management of corporate risk in Bosnia and Herzegovina it can been concluded that most of the analyzed companies manage corporate risk, at least in certain segments. The largest number of companies actively controls only part of the overall exposure to corporate risk, or are considering the implementation of the complete process of corporate risk management. However, there are still a significant number of companies do not even manage corporate risk, and with them the risk management is primarily a result of occurred events. Although most of the observed companies monitor risks, it is worth pointing out that even 32% of the companies do not elucidate the risk tolerance, and even 45% of companies did not quantify the risks.

The article aims to provide a brief overview of the legacy of social welfare and social work within former Yugoslavia and how it was enacted and practised in Bosnia and Herzegovina (one of six states within it) as well as the key changes that followed during and after the 1992-1996 war in this country. The overview also highlights specific roles of both international organisations and local decision makers during and after the war and how it impacted both grassroots social work practice and the changing needs of people who use services – particularly the ever increasing experience of poverty and it's various impacts. Within a complex and politicised governance structure, key issues for consideration of the future role for the profession are highlighted.

This Country Profile provides a brief overview of religious diversity and its governance in the above-named state. It is one of 23 such profiles produced by GREASE, an EU-funded research project investigating religious diversity, state-religion relations and religiously inspired radicalisation on four continents. More detailed assessments are available in our multi-part Country Reports and Country Cases. ; This project has received funding from the European Union's Horizon 2020 research and innovation programme under grant agreement number 770640.

Europeanizing environmental governance -- The curious case of Bosnia-Herzegovina -- Environmental impact assessment (EIA) processes in BiH -- From pariah to partner? : the case of Serbia -- Environmental impact assessment (EIA) processes in Serbia

The article analyzes international intervention in Bosnia and Herzegovina and assesses the effects it has had on political developments and democratization in the country. The paper is especially focused on mapping the ongoing debate among policy analysts over the benefits of direct and proactive international intervention and the dangers inherent in the prolonged denial of self-government to the Bosnian people. It argues that while international intervention has often been visibly successful in pushing through major reforms and political changes, the undemocratic character in which it has been carried out is far from unproblematic. The international community in Bosnia is not accountable to Bosnian citizens, its extensive governance powers have been largely exempt from democratic checks and balances, and international action has tended to sidestep and marginalize local institutions and the local political process, thus undermining the sustainability of the achieved improvements. On the whole, the effective, if not official, protectorate has been an unsuitable way of 'teaching' Bosnians what democracy is. Finally, the article uses the case of Bosnia to draw some general lessons for international intervention in post-conflict areas. ; The article analyzes international intervention in Bosnia and Herzegovina and assesses the effects it has had on political developments and democratization in the country. The paper is especially focused on mapping the ongoing debate among policy analysts over the benefits of direct and proactive international intervention and the dangers inherent in the prolonged denial of self-government to the Bosnian people. It argues that while international intervention has often been visibly successful in pushing through major reforms and political changes, the undemocratic character in which it has been carried out is far from unproblematic. The international community in Bosnia is not accountable to Bosnian citizens, its extensive governance powers have been largely exempt from democratic ...

Numerous studies and research conducted in the world's developed countries have unambiguously confirmed that the development and implementation of electronic management and other electronic services have a direct impact on economic, social and political development. The global study "Digital Governance in Municipalities Worldwide Survey" (2014) explored digital management in larger municipalities around the world. The research assessed the performance of official municipal websites in the area of privacy and security, usefulness, content, service and civic and social engagement. This longitudinal study, conducted since 2003, is a constant effort to evaluate the electronic management in the municipality and to identify the best world practices. In Bosnia and Herzegovina, the larger municipalities have been selected for the research, that is, those with more than 30,000 inhabitants. Where there is no lower administrative unit than the city (for example, Banja Luka), or where the city performs administrative affairs of the municipality, the website of the city was surveyed. The scoring system of the web sites in the work was taken from the mentioned study. The main goal is to provide an insight into the state of electronic management in the major municipalities in Bosnia and Herzegovina. ; ??????????? ??????????? ? ??????? ????????? ? ?????????? ??????? ??????? ????????????? ?? ????????? ?? ?????? ? ?????????????? ??????????? ?????? ? ?????? ???????????? ??????? ????? ???????? ?????? ?? ?????????, ????????? ? ????????? ??????. ???????? ??????? "The Digital Governance in Municipalities Worldwid? Survey" (National Center for Public Performance, 2014), ??????????? je ????????? ????????? ? ??????? ????????? ????? ???????. ??????????? ?? ????????? ?????? ????????? ???-???????? ??????? ? ??????? ??????????? ? ??????????, ??????????, ????????, ?????? ? ?????????? ? ?????????? ?????????. ??? ???????????? ??????? ???? ?? ??????? ?? 2003. ??????, ?????????? ?????? ????? ?? ???????? ??????????? ?????? ? ??????? ? ?????????????? ???????? ????????? ??????. ? ????? ? ??????????? ?? ??????????? ?? ???????? ???? ???????, ??????? ??? ?? ???? ?? 30.000 ??????????. ???? ?? ??????? ???? ??????????????? ???????? ?? ????? (??? ?? ??????? ???? ????), ??????? ???? ???? ?????? ??????????????? ??????? ???????, ?????????? ?? ???????? ?????. ?????? ???????? ???-???????? ? ???? ?? ??????? ?? ???????? ???????. ??????? ??? ?? ??????? ????? ? ????? ??????????? ?????? ? ????? ????????? ? ????? ? ???????????.

Public management continues to change at least in Bosnia and Herzegovina, even though it hovers at the door of the European Union. The interest in the concept of governance in public administration in Bosnia and Herzegovina is of recent date, which is why there is a lack of relevant research in this area. And certainly the specificities of the country's own organization contribute to the diversity of research and possible solutions and changes. The public sector in Bosnia and Herzegovina simply means public companys, public institutions and public administration (state, federal and county government and local self-government). This research, from the point of view of users of public administration services, also established a medium level of development of public management with regard to its functions and sought to obtain a more realistic picture from the point of view of citizens as users of its services.