Corporate Governance in Bosnia and Herzegovina

Abstract

Corporate governance shows how rights and responsibilities are distributed among different stakeholders in corporations. We relate corporate governance to the issues of power, authority and responsibility in the performance of the primary activity, i.e. it provides an answer to the question who controls the corporation, why and in whose interest. To determine the characteristics of a corporate governance system, it is necessary to determine who has a crucial position and role in defining relations in the corporation. Corporate governance in Bosnia and Herzegovina is within the jurisdiction of entities, and there are two substantially aligned and yet completely distinct corporate governance systems. The main goal of the paper is to analyze and describe the characteristics of corporate governance in Bosnia and Herzegovina