Abstract
The author of this article examines the system of governance in insurance companies according to new regulatory regime „Directive Solvency II“ which entered into force in the European Union on 1 January 2016. A lack of corporate culture in the financial sector is one of the main reasons of the global economic crisis. In order to eliminate the problems raised in connection with the culture of corporate governance, the creators of the Solvency II Directive regulated in detail how the system prescribed by the management in the insurance company must operate. The author further analyzes the role of each of the four key functions in the insurance companies provided for in the Directive Solvency II. These key functions are: risk management, internal control system, internal audit and actuarial. In the last part of the article the author estimates that the provisions of the Serbian Insurance Act relating to the system of governance are largely harmonized with the Directive Solvency II.
Highlights
Sistem upravljanja u društvu je propisan Zakonom o osiguranju[63] i Odlukom o sistemu upravljanja u društvu za osiguranje/ reosiguranje[64]
U ovom radu je prezentovan sistem upravljanja u društvu za osiguranje prema Solventnost II
The author of this article examines the system of governance in insurance companies according to new regulatory regime „Directive Solvency II“ which entered into force in the European Union on 1 January 2016
Summary
U svakom privrednom subjektu, organizaciji, akcionarskom društvu i slično, zadatak za obezbeđivanjem adekvatnog sistema upravljanja leži na upravi tog subjekta. Principal – agent problem) kada se interesi akcionara i članova uprave ne podudaraju zato što članovi uprave raspolažu mnogobrojnim informacijima koje se odnose na poslovanje društva.[10] Prema principal – agent teoriji, akcionari se smatraju vlasnicima društva, a članovi uprave se smatraju njihovim zastupnicima u upravljanju društvom, te se odnos članova uprave kao agenata i akcionara kao principala doživljava kao okvir u kom se odvijaju interesi društva, odnosno zaštita prava akcionara se poistovećuje sa zaštitom interesa društva.[11] U praksi se, međutim, javljaju situacije u kojima članovi uprave donose rizične poslovne odluke radi sticanja profita, odnosno uvećanja bonusa, koje, s druge strane, mogu da ugroze interese akcionara ukoliko se ne ostvare na način na koji su bile planirane. Upravo se zbog takvih situacija javljaju agencijski troškovi za društvo kada je potrebno osigurati interese akcionara kao principala u odnosu na
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