Corporate Governance in Post-Privatized Slovenia
University of California School of Law
Stephen M. Bainbridge
University of California, Los Angeles (UCLA) - School of Law
The basic building blocks of post-privatization Slovenian corporate governance differ rather dramatically from those of the United States. Slovene corporations are characterized by highly concentrated ownership dominated by state-controlled funds and other institutional investors. In addition, Slovene corporation law provides for a two-tier board of directors (similar to the German codetermination system) in which employees are entitled to representation on both the management and supervisory boards. This article provides an analysis of these features, exploring possible reforms in Slovenian law that might enhance the effectiveness of Slovene boards of directors.
Number of Pages in PDF File: 34
JEL Classification: G30, G38, K22, P31
Date posted: February 21, 2000