Corporate Governance Country Assessment : Slovak Republic

This report provides an assessment of the corporate governance policy framework, and enforcement and compliance practices in the Slovak Republic. Slovakia has already upgraded its legislation to meet European Union (EU) Directives. The legislative...

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Main Author:	World Bank
Format:	Corporate Governance Assessment (ROSC)
Language:	English en_US
Published:	Washington, DC 2013
Subjects:	ACCESS TO INFORMATION ACCOUNTABILITY ASSET STRIPPING AUTHORITY AUTHORIZATION BANKRUPTCY BANKRUPTCY LAW BANKRUPTCY PROCEEDINGS BOARD MEMBERS BOARD OF DIRECTORS BOOK VALUE CAPITAL MARKET CAPITAL MARKETS CENTRAL BANK CHARTER CLASSES OF SHARES COMPANY COMPANY LAW CONFLICTS OF INTEREST CONSENSUS CORPORATE CONTROL CORPORATE GOVERNANCE CORPORATE GOVERNANCE SYSTEM CORPORATION CORPORATIONS DEGREE OF CONTROL DISCLOSURE DISCLOSURE REQUIREMENTS DISCRIMINATION DIVIDENDS DUE DILIGENCE ECONOMIC PERFORMANCE EMPLOYMENT ENVIRONMENTAL DAMAGE FINANCIAL INFORMATION FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIARIES FINANCIAL MARKET FINANCIAL SERVICES FINANCIAL SITUATION FINANCIAL STATEMENTS FIRMS FOREIGN CAPITAL FOREIGN COMPANIES FOREIGN SHAREHOLDERS GOVERNMENT SALARY SCALES INSIDER INFORMATION INSIDER TRADING INSOLVENCY INSOLVENCY LAW INSTITUTIONAL CAPACITY INSTITUTIONAL FRAMEWORK INSTITUTIONAL INVESTOR INSTITUTIONAL INVESTORS INSURANCE COMPANIES INTERNATIONAL INVESTORS INTERNATIONAL STANDARDS INVESTMENT CLIMATE INVESTMENT FUND JOINT STOCK JOINT STOCK COMPANIES JOINT STOCK COMPANY LEGAL FRAMEWORK LEGISLATION LEGISLATIVE FRAMEWORK LIMITED LIABILITY LIMITED LIABILITY COMPANY LIQUIDATION LISTED COMPANIES LOCAL EXPERTS MANAGEMENT BOARD MARKET CAPITALIZATION MERGERS MINISTRY OF FINANCE MINORITY SHAREHOLDER MUTUAL FUNDS NOMINAL VALUE OFFERINGS OTC OWNERSHIP INTEREST OWNERSHIP RIGHTS OWNERSHIP STRUCTURE PENSION FUNDS PRIVATE COMPANY PRIVATE PENSION PRIVATE SECTOR PRIVATE SECTOR DEVELOPMENT PRIVATE SECTORS PRIVATIZATION PRIVATIZATION INVESTMENT FUNDS PRIVATIZATION PROGRAM PROFIT SHARING PUBLIC INFORMATION REGULATORY AGENCIES REGULATORY FRAMEWORK REPRESENTATIVES RESTRICTIONS ON SHARE TRANSFERS SHARE CAPITAL SHARE OFFERINGS SHARE OWNERSHIP SHARE PRICE SHARE TRANSFERS SHAREHOLDER MEETING SHAREHOLDER MEETINGS SHAREHOLDERS SHAREHOLDING STAKEHOLDERS STATE AUTHORITY STATE BUDGET STATEMENT STATEMENTS STOCK EXCHANGE STRATEGIC INVESTOR SUBSCRIPTION TRANSPARENCY VOTING VOTING SHARES
Online Access:	http://documents.worldbank.org/curated/en/2003/10/6593973/slovak-republic-report-observance-standards-codes-rosc-corporate-governance-country-assessment http://hdl.handle.net/10986/14497

id	okr-10986-14497
recordtype	oai_dc
spelling	okr-10986-144972021-04-23T14:03:18Z Corporate Governance Country Assessment : Slovak Republic World Bank ACCESS TO INFORMATION ACCOUNTABILITY ASSET STRIPPING AUTHORITY AUTHORIZATION BANKRUPTCY BANKRUPTCY LAW BANKRUPTCY PROCEEDINGS BOARD MEMBERS BOARD OF DIRECTORS BOOK VALUE CAPITAL MARKET CAPITAL MARKETS CENTRAL BANK CHARTER CLASSES OF SHARES COMPANY COMPANY LAW CONFLICTS OF INTEREST CONSENSUS CORPORATE CONTROL CORPORATE GOVERNANCE CORPORATE GOVERNANCE SYSTEM CORPORATION CORPORATIONS DEGREE OF CONTROL DISCLOSURE DISCLOSURE REQUIREMENTS DISCRIMINATION DIVIDENDS DUE DILIGENCE ECONOMIC PERFORMANCE EMPLOYMENT ENVIRONMENTAL DAMAGE FINANCIAL INFORMATION FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIARIES FINANCIAL MARKET FINANCIAL SERVICES FINANCIAL SITUATION FINANCIAL STATEMENTS FIRMS FOREIGN CAPITAL FOREIGN COMPANIES FOREIGN SHAREHOLDERS GOVERNMENT SALARY SCALES INSIDER INFORMATION INSIDER TRADING INSOLVENCY INSOLVENCY LAW INSTITUTIONAL CAPACITY INSTITUTIONAL FRAMEWORK INSTITUTIONAL INVESTOR INSTITUTIONAL INVESTORS INSURANCE COMPANIES INTERNATIONAL INVESTORS INTERNATIONAL STANDARDS INVESTMENT CLIMATE INVESTMENT FUND JOINT STOCK JOINT STOCK COMPANIES JOINT STOCK COMPANY LEGAL FRAMEWORK LEGISLATION LEGISLATIVE FRAMEWORK LIMITED LIABILITY LIMITED LIABILITY COMPANY LIQUIDATION LISTED COMPANIES LOCAL EXPERTS MANAGEMENT BOARD MARKET CAPITALIZATION MERGERS MINISTRY OF FINANCE MINORITY SHAREHOLDER MUTUAL FUNDS NOMINAL VALUE OFFERINGS OTC OWNERSHIP INTEREST OWNERSHIP RIGHTS OWNERSHIP STRUCTURE PENSION FUNDS PRIVATE COMPANY PRIVATE PENSION PRIVATE SECTOR PRIVATE SECTOR DEVELOPMENT PRIVATE SECTORS PRIVATIZATION PRIVATIZATION INVESTMENT FUNDS PRIVATIZATION PROGRAM PROFIT SHARING PUBLIC INFORMATION REGULATORY AGENCIES REGULATORY FRAMEWORK REPRESENTATIVES RESTRICTIONS ON SHARE TRANSFERS SHARE CAPITAL SHARE OFFERINGS SHARE OWNERSHIP SHARE PRICE SHARE TRANSFERS SHAREHOLDER MEETING SHAREHOLDER MEETINGS SHAREHOLDERS SHAREHOLDING STAKEHOLDERS STATE AUTHORITY STATE BUDGET STATEMENT STATEMENTS STOCK EXCHANGE STRATEGIC INVESTOR SUBSCRIPTION TRANSPARENCY VOTING VOTING SHARES This report provides an assessment of the corporate governance policy framework, and enforcement and compliance practices in the Slovak Republic. Slovakia has already upgraded its legislation to meet European Union (EU) Directives. The legislative and regulatory framework dealing with corporate governance issues has improved. The major issues identified by this review include: 1) the general weakness of the supervisory board, which causes some non-compliance with several of the Organization for Economic Cooperation and Development - OECD - Principles; 2) lack of protection for shareholders of "Free Market" companies, and, 3) inadequate authority and institutional capacity at the Financial Market Authority (FMA). Strengths and weaknesses are highlighted and policy recommendations made where appropriate. The report proposes that an Institute of Directors be created to train supervisory board members, disseminate best practice, and promote dialogue between the public and private sectors. Together, the recommendations give issuers the choice to implement best practice, and for investors a benchmark against which to measure corporate governance in Slovakia. 2013-07-23T20:41:10Z 2013-07-23T20:41:10Z 2003-10 http://documents.worldbank.org/curated/en/2003/10/6593973/slovak-republic-report-observance-standards-codes-rosc-corporate-governance-country-assessment http://hdl.handle.net/10986/14497 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC Economic & Sector Work :: Corporate Governance Assessment (ROSC) Economic & Sector Work Europe and Central Asia Slovak Republic
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	ACCESS TO INFORMATION ACCOUNTABILITY ASSET STRIPPING AUTHORITY AUTHORIZATION BANKRUPTCY BANKRUPTCY LAW BANKRUPTCY PROCEEDINGS BOARD MEMBERS BOARD OF DIRECTORS BOOK VALUE CAPITAL MARKET CAPITAL MARKETS CENTRAL BANK CHARTER CLASSES OF SHARES COMPANY COMPANY LAW CONFLICTS OF INTEREST CONSENSUS CORPORATE CONTROL CORPORATE GOVERNANCE CORPORATE GOVERNANCE SYSTEM CORPORATION CORPORATIONS DEGREE OF CONTROL DISCLOSURE DISCLOSURE REQUIREMENTS DISCRIMINATION DIVIDENDS DUE DILIGENCE ECONOMIC PERFORMANCE EMPLOYMENT ENVIRONMENTAL DAMAGE FINANCIAL INFORMATION FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIARIES FINANCIAL MARKET FINANCIAL SERVICES FINANCIAL SITUATION FINANCIAL STATEMENTS FIRMS FOREIGN CAPITAL FOREIGN COMPANIES FOREIGN SHAREHOLDERS GOVERNMENT SALARY SCALES INSIDER INFORMATION INSIDER TRADING INSOLVENCY INSOLVENCY LAW INSTITUTIONAL CAPACITY INSTITUTIONAL FRAMEWORK INSTITUTIONAL INVESTOR INSTITUTIONAL INVESTORS INSURANCE COMPANIES INTERNATIONAL INVESTORS INTERNATIONAL STANDARDS INVESTMENT CLIMATE INVESTMENT FUND JOINT STOCK JOINT STOCK COMPANIES JOINT STOCK COMPANY LEGAL FRAMEWORK LEGISLATION LEGISLATIVE FRAMEWORK LIMITED LIABILITY LIMITED LIABILITY COMPANY LIQUIDATION LISTED COMPANIES LOCAL EXPERTS MANAGEMENT BOARD MARKET CAPITALIZATION MERGERS MINISTRY OF FINANCE MINORITY SHAREHOLDER MUTUAL FUNDS NOMINAL VALUE OFFERINGS OTC OWNERSHIP INTEREST OWNERSHIP RIGHTS OWNERSHIP STRUCTURE PENSION FUNDS PRIVATE COMPANY PRIVATE PENSION PRIVATE SECTOR PRIVATE SECTOR DEVELOPMENT PRIVATE SECTORS PRIVATIZATION PRIVATIZATION INVESTMENT FUNDS PRIVATIZATION PROGRAM PROFIT SHARING PUBLIC INFORMATION REGULATORY AGENCIES REGULATORY FRAMEWORK REPRESENTATIVES RESTRICTIONS ON SHARE TRANSFERS SHARE CAPITAL SHARE OFFERINGS SHARE OWNERSHIP SHARE PRICE SHARE TRANSFERS SHAREHOLDER MEETING SHAREHOLDER MEETINGS SHAREHOLDERS SHAREHOLDING STAKEHOLDERS STATE AUTHORITY STATE BUDGET STATEMENT STATEMENTS STOCK EXCHANGE STRATEGIC INVESTOR SUBSCRIPTION TRANSPARENCY VOTING VOTING SHARES
spellingShingle	ACCESS TO INFORMATION ACCOUNTABILITY ASSET STRIPPING AUTHORITY AUTHORIZATION BANKRUPTCY BANKRUPTCY LAW BANKRUPTCY PROCEEDINGS BOARD MEMBERS BOARD OF DIRECTORS BOOK VALUE CAPITAL MARKET CAPITAL MARKETS CENTRAL BANK CHARTER CLASSES OF SHARES COMPANY COMPANY LAW CONFLICTS OF INTEREST CONSENSUS CORPORATE CONTROL CORPORATE GOVERNANCE CORPORATE GOVERNANCE SYSTEM CORPORATION CORPORATIONS DEGREE OF CONTROL DISCLOSURE DISCLOSURE REQUIREMENTS DISCRIMINATION DIVIDENDS DUE DILIGENCE ECONOMIC PERFORMANCE EMPLOYMENT ENVIRONMENTAL DAMAGE FINANCIAL INFORMATION FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIARIES FINANCIAL MARKET FINANCIAL SERVICES FINANCIAL SITUATION FINANCIAL STATEMENTS FIRMS FOREIGN CAPITAL FOREIGN COMPANIES FOREIGN SHAREHOLDERS GOVERNMENT SALARY SCALES INSIDER INFORMATION INSIDER TRADING INSOLVENCY INSOLVENCY LAW INSTITUTIONAL CAPACITY INSTITUTIONAL FRAMEWORK INSTITUTIONAL INVESTOR INSTITUTIONAL INVESTORS INSURANCE COMPANIES INTERNATIONAL INVESTORS INTERNATIONAL STANDARDS INVESTMENT CLIMATE INVESTMENT FUND JOINT STOCK JOINT STOCK COMPANIES JOINT STOCK COMPANY LEGAL FRAMEWORK LEGISLATION LEGISLATIVE FRAMEWORK LIMITED LIABILITY LIMITED LIABILITY COMPANY LIQUIDATION LISTED COMPANIES LOCAL EXPERTS MANAGEMENT BOARD MARKET CAPITALIZATION MERGERS MINISTRY OF FINANCE MINORITY SHAREHOLDER MUTUAL FUNDS NOMINAL VALUE OFFERINGS OTC OWNERSHIP INTEREST OWNERSHIP RIGHTS OWNERSHIP STRUCTURE PENSION FUNDS PRIVATE COMPANY PRIVATE PENSION PRIVATE SECTOR PRIVATE SECTOR DEVELOPMENT PRIVATE SECTORS PRIVATIZATION PRIVATIZATION INVESTMENT FUNDS PRIVATIZATION PROGRAM PROFIT SHARING PUBLIC INFORMATION REGULATORY AGENCIES REGULATORY FRAMEWORK REPRESENTATIVES RESTRICTIONS ON SHARE TRANSFERS SHARE CAPITAL SHARE OFFERINGS SHARE OWNERSHIP SHARE PRICE SHARE TRANSFERS SHAREHOLDER MEETING SHAREHOLDER MEETINGS SHAREHOLDERS SHAREHOLDING STAKEHOLDERS STATE AUTHORITY STATE BUDGET STATEMENT STATEMENTS STOCK EXCHANGE STRATEGIC INVESTOR SUBSCRIPTION TRANSPARENCY VOTING VOTING SHARES World Bank Corporate Governance Country Assessment : Slovak Republic
geographic_facet	Europe and Central Asia Slovak Republic
description	This report provides an assessment of the corporate governance policy framework, and enforcement and compliance practices in the Slovak Republic. Slovakia has already upgraded its legislation to meet European Union (EU) Directives. The legislative and regulatory framework dealing with corporate governance issues has improved. The major issues identified by this review include: 1) the general weakness of the supervisory board, which causes some non-compliance with several of the Organization for Economic Cooperation and Development - OECD - Principles; 2) lack of protection for shareholders of "Free Market" companies, and, 3) inadequate authority and institutional capacity at the Financial Market Authority (FMA). Strengths and weaknesses are highlighted and policy recommendations made where appropriate. The report proposes that an Institute of Directors be created to train supervisory board members, disseminate best practice, and promote dialogue between the public and private sectors. Together, the recommendations give issuers the choice to implement best practice, and for investors a benchmark against which to measure corporate governance in Slovakia.
format	Economic & Sector Work :: Corporate Governance Assessment (ROSC)
author	World Bank
author_facet	World Bank
author_sort	World Bank
title	Corporate Governance Country Assessment : Slovak Republic
title_short	Corporate Governance Country Assessment : Slovak Republic
title_full	Corporate Governance Country Assessment : Slovak Republic
title_fullStr	Corporate Governance Country Assessment : Slovak Republic
title_full_unstemmed	Corporate Governance Country Assessment : Slovak Republic
title_sort	corporate governance country assessment : slovak republic
publisher	Washington, DC
publishDate	2013
url	http://documents.worldbank.org/curated/en/2003/10/6593973/slovak-republic-report-observance-standards-codes-rosc-corporate-governance-country-assessment http://hdl.handle.net/10986/14497
_version_	1764429258838507520

Corporate Governance Country Assessment : Slovak Republic

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