New technologies: one of the key strategic factors of the Serbian corporate governance practice harmonisation with eu requirements

Dedeić, Predrag and Brnjas, Zvonko (2013) New technologies: one of the key strategic factors of the Serbian corporate governance practice harmonisation with eu requirements. In: Economic Sciences on the Crossroad: proceedings from the international conference. Institute of economic sciences, Belgrade, pp. 514-529. ISBN 978-86-89465-10-5

Preview

Text zb_2013_01.pdf - Published Version Available under License Creative Commons Attribution Non-commercial No Derivatives. Download (185kB) | Preview

Abstract

New technologies have been changing the world for centuries. Innovations have been the strongest tool for development and recovery of world economy. Today information is the most valuable asset and global markets and global companies are depending on relevant data and information security. Tech-intelligent processes are fundamental for the European corporate governance environment. The stability of corporate governance as a system with the prime aim to protect investors and take care of stakeholders linked to public companies is based on quality of information and relevant access. When corporate governance is good, then also the process of collecting and disseminating information is good as well. This paper presents the potentials of information technology to be used for better corporate governance and to help Serbian companies to position themselves on European capital markets. Public company as well as of capital markets can be controlled in more efficient way by using IT. Shareholders rights and activities, board of directors` duties and responsibilities, settling of disputes, disclosure and transparency, stakeholders’ protection and other important issues in corporate governance can be provided and organized in a better way. This paper mostly deals with tree main segments of corporate governance policy: protection of shareholders rights, effective board of directors and efficient resolution of disputes. Proper use of technology and right policies and procedures for information security can help public company to improve the efficiency of corporate governance by supporting diligence, restrict abuse and reduce corruption and bribery. Destructive nature of any dispute arising within or out of company has potential to spoil reputation of company and the trust of investors. On the other hand, the dispute, can be solved and even be a tool for better relationship between parties in a dispute in the future. If discovered at the early beginning, the dispute can be handled effectively by mediation. There, information technology and communication can be of great help.

Actions (login required)

View Item