The principles of the corporate governance in banks and legislation of Republic of Serbia
2020
Complex relations, a frequent separation of ownership, management, and control functions in banks, as well as turbulent and changeable
market conditions make responsible, fair, and transparent corporate governance mechanisms extremely important for these financial institutions. “The
culture” of the corporate governance is incorporated into the banking sector
of Republic of Serbia and it is based on the national legislation and international governance standards. The aim of the research is to analyze the level
of the implementation of international principles of corporate governance
in the Serbian banking sector and to assess the adequacy and strength of the
national legal and regulatory framework to enable and support such an act.
The descriptive method, an analysis and synthesis technique, as well as the
analysis of the content of laws, reports, and available national and foreign literature in the field of corporate governance, were used for the preparation of
this paper. The result of the research implies the confirmed assumption that
the legal and regulatory framework of corporate governance in the banking
sector of Republic of Serbia makes the implementation of the international
principles of corporate governance possible and sufficiently supports it.
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