Model of corporate governance of a modern enterprise in the 21st century

Zorica Siljanovska,Mirjana Matovska,Elena Karovska

doi:10.5937/jouproman5-12980

Abstract

Efficient and quality system of corporate governance built on high set international standards and principles allows setting goals that are consistent with the interests of all stakeholders. The definition of corporate governance made by the OECD, which today is one of the most widely accepted and comprehensive definition confirms the importance of all constituents and care for their interests when setting objectives. Quality corporate governance is reflected in the mechanisms that establish a balance between the different interests of stakeholders. Each constituency is part of the mosaic should not be marginalized and ignored.

Highlights

Berle – Means model of corporate governanceBerle – Means model of corporate governance dates back to 1932
Second revised edition of the book of the same name is published in 1967.4 This model resembles many features of today's model of corporate governance of companies and rightly findings of many analysts that Berle – Means model is a reality after 75 years of its creation
Development, promotion and strengthening of corporate governance led to the creation of a model with elements of Berle – Means and Stakeholder model, which assumes that a model of a modern company in the 21st century that meets the needs of the process of globalization

Summary

Introduction

Berle – Means model of corporate governance Berle – Means model of corporate governance dates back to 1932. Second revised edition of the book of the same name is published in 1967.4 This model resembles many features of today's model of corporate governance of companies and rightly findings of many analysts that Berle – Means model is a reality after 75 years of its creation.

Results

Conclusion