Kvalitetno korporativno izveštavanje - preduslov efikasnog menadžmenta

Abstract

The main thesis of this paper is that high-quality corporate reporting is necessary to improve corporate governance. In new, modern business conditions, with strong dynamic changes in social and business environment, modern corporate companies, that is their management bodies obtain new features, adapting to new demands and challenges. In this sense, new demanding business conditions require continuous improvement of corporate governance potential, and especially information support through high-quality corporate reporting. In essence, high-quality corporate reporting should be in the function of 'revitalizing' the OECD principles of corporate governance. Financial reports should truly express income and financial position of a corporate company with the features of 'assets custodian' and 'custodian of trust' in corporate governance. Legislative and regulatory bodies all over the world are involved in this process of improving corporate reporting in various ways, through giving instructions, guidelines, models and directives. Serbia is waiting for harmonization with the EU and implementation of the most important requirements from the EU directives.