Corporate governance articles

Responsibility is not just the ability to respond, but also the duty to react to the consequences of one’s behaviour. There are several types of responsibility, like e.g. moral and legal responsibility, which we can further classify to penal, and damage responsibility (liability). In the article on directors duties and responsibility different types of responsibility in private and public sector are analysed; directors’ (managers´) duties and responsibilities are compared to duties and responsibilities of managers of public agencies, public enterprises and of non-profit organisations. The conclusion of the comparative research is, that management duties and responsibilities should be legally governed and regulated according to the same principles, which is not yet the case in the legal order in Slovenia.

In the article on conflict of interests, the author presents analysis of the current Slovenian legislation covering the issue of conflict of interests, with brief comparative overview. It is estimated that the legislative framework of the conflict of interest related issues in Slovenia is weak and should be improved. The questions like prohibition of competition, duty of disclosure and approval to acquire shares for directors, incompatibility and disinterested position of the supervisory boards’ members, prohibition of board memberships for public officials, and other similar situations are analysed. The author concludes with proposals for legal amendments in this field.

In the field of corporate governance, author also deals with legal analysis of differences and similarities of corporate governance of the state owned enterprises and points out some peculiarities of the new legal framework of state financial investments in Slovenia. Author tries to answer the questions like what is the role of the state as an owner, do we have efficient regulatory framework for state owned enterprises, what are the relationships with the stakeholders and how does the regulation of transparency and disclosure look like. In addition there is a brief comparison of the implementation of the OECD Guidelines in the field of corporate governance of state owned enterprises.

The author also deals with questions of management compensation in Slovenia and describes European and Slovenian legislation and experience in the field of profit sharing. As part of their total compensation for work, members of the board are entitled to a salary, a profit share, reimbursement of expenses, insurance premiums, comissions, and other additional payments. However, the law in Slovenia prescribes the principle of proportionality of compensation to the actual tasks of board members and to the company’s financial state.

Author also deals with the forms of stockholders’ associations for the purpose of realisation of their voting rights. The author analyses legal relations towards proxies, professional proxies and discusses the question as to who can act as a professional proxy. Additionally, author presents views on the associations of stockholders within the frame of different types of agreements and contracts.

BOHINC, Rado. EU corporate governance, recent trends and developments, related to board composition and conflict of interests. V: VRANKIC, Ilko (ur.), KOZINA, Goran (ur.), KOVSCA, Vladimir (ur.). Economic and social development : 9th international scientific conference on economic and social development, Istanbul, 9-10 April 2015 : book of abstracts. Varazdin: Varazdin Development and Entrepreneurship Agency; Koprivnica: University North. 2015, str. 42-43. [COBISS.SI-ID 33302109]

BOHINC, Rado. Conflicts of directors’ interests with the interests of the company in the context of the financial and economic crisis (a comparative overview of some EU countries). V: BOHINC, Rado (ur.). Corporate governance as a tool for economic growth. Ljubljana: Fakulteta za družbene vede, Založba FDV. 2014, str. 167-191. [COBISS.SI-ID 33014109]

BOHINC, Rado. Conflicts of directors interests with the interests of the company in the context of financial and economic crisis: comparative overview of some EU countries : paper presented at the International Conference “Corporate Governance and Regulation: Outlining New Horizons for Theory and Practice”, Pisa, September 19, 2012. [COBISS.SI-ID 31866205]

BOHINC, Rado. Conflicts of interest and liability of executive or supervisory directors : a comparative analysis. V: JEŽOVNIK, Alen (ur.). Social responsibility, professional ethics, and management : abstracts of the 11th international conference. Koper: Faculty of Management. 2010, str. 14. [COBISS.SI-ID 3789271]

BOHINC, Rado. One and two tyre system of corporate governance in the EU and non-EU countries. Unutarni ili dvostepeni sistemi korporativnog upravljanja u nekim zemljama EU i zemljama izvan EU. Megatrend revija : međunarodni časopis za primenjenu ekonomiju, ISSN 1820-3159, 2011, vol. 8, št. 1, str. 57-76. [COBISS.SI-ID 3971799]

BOHINC, Rado. Conflicts of interest and liability of executive or supervisory directors: a comparative analysis. V: ŠUŠTERŠIČ, Janez (ur.), et al. Social responsibility, professional ethics, and management : proceedings of the 11th international conference, (Management international conference, ISSN 1854-4312). Koper: Faculty of Management. 2010, str. 1043-1065. [COBISS.SI-ID 3739863]

BOHINC, Rado, BAINBRIDGE, Stephen M. Corporate governance in post-privatized Slovenia. The American journal of comparative law, ISSN 0002-919X, 2001, vol. 49, no. 1, str. 49-78. [COBISS.SI-ID 20762973]

BOHINC, Rado. Rechtsstellung der Organe der Aktiengesellschaft nach slowenischem Recht und im Rechtsvergleich : Stand: August 2000, (Arbeitspaiere, Nr. 71). Wien: Verein zur Förderung des Forschungsinstitutes für Mittel und Osteuropäisches Wirtschaftsrecht: Wirtschafts Universität Wien, 2000. 123 str. [COBISS.SI-ID 20060509]

BOHINC, Rado. Management compensation and profit sharing : an overview of Slovenia and selected European countries. Liiketaloudellinen aikakauskirja, ISSN 0024-3469, 2000, vol. 49, no. 4, str. 561-581. [COBISS.SI-ID 20350301]

BOHINC, Rado. Choosing between the us single board or the european two-tier board : a brief comparative corporate governance analysis. Social science research network, May 26, 2000. [COBISS.SI-ID 30670429]

BOHINC, Rado. Haftung der Vorstandsmitglieder nach GWG und OblG sowie im Rechtsvergleich. Zeitschrift für Rechtsvergleichung, internationales Privatrecht und Europarecht : ZfRV, ISSN 0514-275X, 2001, jg. 42, h 2, str. 41-56. [COBISS.SI-ID 20566109]

BOHINC, Rado. A joint stock company under companies act of Slovenia. Viena: Forschungsinstitut für Mittel- und Osteuropäisches Wirtschaftsrecht – Wirtschaftsuniversität Wien, November 1998. 19 f. [COBISS.SI-ID 18755933]

BOHINC, Rado. Legislation reforms in Slovenia in the fields of company, banking and property law. Vienna: Forshungsinstitut für Mittel- und Osteuropäisches Wirtschaftsrecht, 1998. [COBISS.SI-ID 18807133] BOHINC, Rado. Governance of a public and private company (Companies act of Slovenia). Vienna: Forschungsinstitut für Mittel- und Osteuropäisches Wirtschaftsrecht, May 1997. [39 strani]. [COBISS.SI-ID 17616221]