Analysis of the new law on corporate governance in state-owned enterprises in Serbia in the light of OECD guidelines

Abstract

In this paper the authors analyse some questions pertaining to the reform of state-owned enterprises in Serbia regarding the compatibility of the new legal regulation of corporate governance in the public sector with the OECD Guidelines. The analysis focuses on the principles and recommendations for more efficient implementation of reforms in state-owned business entities as outlined in the OECD Guidelines, as well as on the provisions of the new Law on the Management of Companies Owned by the Republic of Serbia. The analysis aims to determine whether the new solutions have helped in achieving a uniform legal framework and to what extent these new solutions contribute to the realization of the state's ownership interests, value creation in the public sector, and the public good.

Keywords

• state-owned enterprises
• corporate governance
• capital companies owned by the state
• centralized ownership
• public interest
• oecd guidelines