Summary:
The study is a continuation of corporate governance research in Serbia
conducted by the Center for Liberal-Democratic Studies. The previous one,
written in 2003, marked a commencement and set the foundations not only for the
CLDS, but Serbia in general. The purpose of the new one is to investigate what
has happened in the meantime, what are the effects and what else could be
done in this important area of economic life.
Analysis of corporate governance relies on two pillars. The first is composed
of empirical data collected on the basis of a special survey designed for this
study, and data on change of ownership structure through trading on the
market. The second pillar comprises analysis of legislation, primarily solutions
of the Company Law, Law on Trade in Securities and Takeover Law. Analysis
of the actual state of corporate governance and pertinent legislation have led
to suggestions for changes in the legislative framework, which was the main
purpose of this study.
