Corporate Governance Country Assessment : Slovenia
This report provides an assessment of the corporate governance policy framework, and enforcement and compliance practices in Slovenia. The country has already upgraded its legislation to meet European Union (EU) Directives, and, its legal and regul...
| Main Author: | |
|---|---|
| Format: | Corporate Governance Assessment (ROSC) |
| Language: | English en_US |
| Published: |
Washington, DC
2013
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2004/05/6594116/slovenia-report-observance-standards-codes-rosc-corporate-governance-country-assessment http://hdl.handle.net/10986/14476 |
| id |
okr-10986-14476 |
|---|---|
| recordtype |
oai_dc |
| 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 |
ADMINISTRATIVE PROCEDURES ADMINISTRATIVE SANCTIONS ASSET MANAGEMENT ASSET MANAGEMENT COMPANIES ASSET STRIPPING AUTHORITY AUTHORIZATION BANKRUPTCY BID BIDDERS BOARD MEMBERS BOARD OF DIRECTORS CAPITAL INCREASES CAPITAL MARKET CAPITAL MARKETS CASH SETTLEMENT CHARTER CHARTERS CLASSES OF SHARES COMMON SHARES COMPANY COMPANY LAW CONFLICTS OF INTEREST CONSENSUS CORPORATE CONTROL CORPORATE GOVERNANCE CORPORATE OWNERSHIP CORPORATION CORPORATIONS COUNCILS COURT COURT PROCESS DEGREE OF CONTROL DISCLOSURE DISCLOSURE REQUIREMENTS DISCLOSURE RULES DIVIDEND PAYOUT DIVIDENDS DUE DILIGENCE EXPROPRIATION FINANCIAL INFORMATION FINANCIAL INSTITUTIONS FINANCIAL SITUATION FINANCIAL STATEMENTS FIRMS FOREIGN BANK FOREIGN INVESTMENT FOREIGN INVESTORS FOREIGN SHAREHOLDERS GOLDEN SHARES GROUP OF SHAREHOLDERS HOLDING COMPANIES INSIDER INFORMATION INSIDER TRADING INSTITUTIONAL FRAMEWORK INSTITUTIONAL INVESTOR INSTITUTIONAL INVESTORS INVESTMENT CLIMATE INVESTMENT COMPANIES INVESTMENT FUND INVESTMENT MANAGEMENT INVESTMENT RESTRICTIONS INVESTOR PROTECTION JOINT STOCK JOINT STOCK COMPANIES JOINT STOCK COMPANY JOINT-STOCK COMPANIES LABOR LAW LEGAL ENTITY LEGAL FORM LEGAL FRAMEWORK LEGAL PERSONS LEGAL PROTECTION LEGAL PROVISIONS LEGISLATION LIMITED LIABILITY LIMITED LIABILITY COMPANY LIQUIDATION LISTED COMPANIES LOCAL EXPERTS MANAGEMENT BOARD MARKET CAPITALIZATION MARKET CONDITIONS MEMBER STATES MERGERS MINORITY SHAREHOLDER MINORITY SHAREHOLDERS MUTUAL FUNDS OWNERSHIP RIGHTS OWNERSHIP STRUCTURE PARENT COMPANIES PENSION FUND PENSION FUNDS POLITICAL INTERFERENCE PORTFOLIO PORTFOLIO INVESTMENT PORTFOLIO MANAGERS PORTFOLIOS PREEMPTIVE RIGHTS PRIVATE COMPANIES PRIVATE SECTOR PRIVATE SECTOR DEVELOPMENT PRIVATIZATION PRIVATIZATION INVESTMENT FUNDS PRIVATIZATION PROGRAM PROFIT SHARING PROTECTION OF SHAREHOLDERS PUBLIC COMPANIES PUBLIC COMPANY PUBLIC INFORMATION PUBLIC INTEREST PYRAMID STRUCTURES REGULATORY FRAMEWORK SHARE OWNERSHIP SHARE PRICE SHARE TRANSFERS SHAREHOLDER MEETING SHAREHOLDER MEETINGS SHAREHOLDERS SHAREHOLDERS RIGHTS SOCIAL INSURANCE STAKEHOLDERS STATE FUNDS STATE TELECOMMUNICATIONS STATEMENT STATEMENTS STOCK EXCHANGE STRATEGIC INVESTORS SUBSCRIPTION TRANSPARENCY VOTING VOTING SHARES |
| spellingShingle |
ADMINISTRATIVE PROCEDURES ADMINISTRATIVE SANCTIONS ASSET MANAGEMENT ASSET MANAGEMENT COMPANIES ASSET STRIPPING AUTHORITY AUTHORIZATION BANKRUPTCY BID BIDDERS BOARD MEMBERS BOARD OF DIRECTORS CAPITAL INCREASES CAPITAL MARKET CAPITAL MARKETS CASH SETTLEMENT CHARTER CHARTERS CLASSES OF SHARES COMMON SHARES COMPANY COMPANY LAW CONFLICTS OF INTEREST CONSENSUS CORPORATE CONTROL CORPORATE GOVERNANCE CORPORATE OWNERSHIP CORPORATION CORPORATIONS COUNCILS COURT COURT PROCESS DEGREE OF CONTROL DISCLOSURE DISCLOSURE REQUIREMENTS DISCLOSURE RULES DIVIDEND PAYOUT DIVIDENDS DUE DILIGENCE EXPROPRIATION FINANCIAL INFORMATION FINANCIAL INSTITUTIONS FINANCIAL SITUATION FINANCIAL STATEMENTS FIRMS FOREIGN BANK FOREIGN INVESTMENT FOREIGN INVESTORS FOREIGN SHAREHOLDERS GOLDEN SHARES GROUP OF SHAREHOLDERS HOLDING COMPANIES INSIDER INFORMATION INSIDER TRADING INSTITUTIONAL FRAMEWORK INSTITUTIONAL INVESTOR INSTITUTIONAL INVESTORS INVESTMENT CLIMATE INVESTMENT COMPANIES INVESTMENT FUND INVESTMENT MANAGEMENT INVESTMENT RESTRICTIONS INVESTOR PROTECTION JOINT STOCK JOINT STOCK COMPANIES JOINT STOCK COMPANY JOINT-STOCK COMPANIES LABOR LAW LEGAL ENTITY LEGAL FORM LEGAL FRAMEWORK LEGAL PERSONS LEGAL PROTECTION LEGAL PROVISIONS LEGISLATION LIMITED LIABILITY LIMITED LIABILITY COMPANY LIQUIDATION LISTED COMPANIES LOCAL EXPERTS MANAGEMENT BOARD MARKET CAPITALIZATION MARKET CONDITIONS MEMBER STATES MERGERS MINORITY SHAREHOLDER MINORITY SHAREHOLDERS MUTUAL FUNDS OWNERSHIP RIGHTS OWNERSHIP STRUCTURE PARENT COMPANIES PENSION FUND PENSION FUNDS POLITICAL INTERFERENCE PORTFOLIO PORTFOLIO INVESTMENT PORTFOLIO MANAGERS PORTFOLIOS PREEMPTIVE RIGHTS PRIVATE COMPANIES PRIVATE SECTOR PRIVATE SECTOR DEVELOPMENT PRIVATIZATION PRIVATIZATION INVESTMENT FUNDS PRIVATIZATION PROGRAM PROFIT SHARING PROTECTION OF SHAREHOLDERS PUBLIC COMPANIES PUBLIC COMPANY PUBLIC INFORMATION PUBLIC INTEREST PYRAMID STRUCTURES REGULATORY FRAMEWORK SHARE OWNERSHIP SHARE PRICE SHARE TRANSFERS SHAREHOLDER MEETING SHAREHOLDER MEETINGS SHAREHOLDERS SHAREHOLDERS RIGHTS SOCIAL INSURANCE STAKEHOLDERS STATE FUNDS STATE TELECOMMUNICATIONS STATEMENT STATEMENTS STOCK EXCHANGE STRATEGIC INVESTORS SUBSCRIPTION TRANSPARENCY VOTING VOTING SHARES World Bank Corporate Governance Country Assessment : Slovenia |
| geographic_facet |
Europe and Central Asia Slovenia |
| description |
This report provides an assessment of
the corporate governance policy framework, and enforcement
and compliance practices in Slovenia. The country has
already upgraded its legislation to meet European Union (EU)
Directives, and, its legal and regulatory framework dealing
with corporate governance issues is now comparable to that
of many EU member states. Strengths and weaknesses are
highlighted, and policy recommendations are made where
appropriate. The major issues are driven by the continuing
transformation of Slovenian companies. Ownership of smaller
companies and some blue chips will likely continue to
consolidate, as strategic investors, and holding companies
acquire control and 100 percent ownership; investor
protection in these companies will require the diligent
enforcement of takeover rules. For the remaining listed
companies and others that will continue to have relatively
dispersed ownership, related party transaction protection,
and improved periodic disclosure are important. The report
recommends that policymakers: 1) require a formal approval
and disclosure process for related party transactions; 2)
consider methods to increase minority representation on
boards; 3) require the disclosure of shareholder agreements;
4) require that the SMA review the content of public company
disclosure; 5) require an audit committee of the supervisory
board for listed companies; and, 6) continue to support
supervisory board training activities. The report also
proposes that institutional investors (including State-owned
funds) develop public voting, and board representation
policies that require board members to act in the best
interest of the company (and thus all shareholders and stakeholders). |
| format |
Economic & Sector Work :: Corporate Governance Assessment (ROSC) |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Corporate Governance Country Assessment : Slovenia |
| title_short |
Corporate Governance Country Assessment : Slovenia |
| title_full |
Corporate Governance Country Assessment : Slovenia |
| title_fullStr |
Corporate Governance Country Assessment : Slovenia |
| title_full_unstemmed |
Corporate Governance Country Assessment : Slovenia |
| title_sort |
corporate governance country assessment : slovenia |
| publisher |
Washington, DC |
| publishDate |
2013 |
| url |
http://documents.worldbank.org/curated/en/2004/05/6594116/slovenia-report-observance-standards-codes-rosc-corporate-governance-country-assessment http://hdl.handle.net/10986/14476 |
| _version_ |
1764429242048708608 |
| spelling |
okr-10986-144762021-04-23T14:03:18Z Corporate Governance Country Assessment : Slovenia World Bank ADMINISTRATIVE PROCEDURES ADMINISTRATIVE SANCTIONS ASSET MANAGEMENT ASSET MANAGEMENT COMPANIES ASSET STRIPPING AUTHORITY AUTHORIZATION BANKRUPTCY BID BIDDERS BOARD MEMBERS BOARD OF DIRECTORS CAPITAL INCREASES CAPITAL MARKET CAPITAL MARKETS CASH SETTLEMENT CHARTER CHARTERS CLASSES OF SHARES COMMON SHARES COMPANY COMPANY LAW CONFLICTS OF INTEREST CONSENSUS CORPORATE CONTROL CORPORATE GOVERNANCE CORPORATE OWNERSHIP CORPORATION CORPORATIONS COUNCILS COURT COURT PROCESS DEGREE OF CONTROL DISCLOSURE DISCLOSURE REQUIREMENTS DISCLOSURE RULES DIVIDEND PAYOUT DIVIDENDS DUE DILIGENCE EXPROPRIATION FINANCIAL INFORMATION FINANCIAL INSTITUTIONS FINANCIAL SITUATION FINANCIAL STATEMENTS FIRMS FOREIGN BANK FOREIGN INVESTMENT FOREIGN INVESTORS FOREIGN SHAREHOLDERS GOLDEN SHARES GROUP OF SHAREHOLDERS HOLDING COMPANIES INSIDER INFORMATION INSIDER TRADING INSTITUTIONAL FRAMEWORK INSTITUTIONAL INVESTOR INSTITUTIONAL INVESTORS INVESTMENT CLIMATE INVESTMENT COMPANIES INVESTMENT FUND INVESTMENT MANAGEMENT INVESTMENT RESTRICTIONS INVESTOR PROTECTION JOINT STOCK JOINT STOCK COMPANIES JOINT STOCK COMPANY JOINT-STOCK COMPANIES LABOR LAW LEGAL ENTITY LEGAL FORM LEGAL FRAMEWORK LEGAL PERSONS LEGAL PROTECTION LEGAL PROVISIONS LEGISLATION LIMITED LIABILITY LIMITED LIABILITY COMPANY LIQUIDATION LISTED COMPANIES LOCAL EXPERTS MANAGEMENT BOARD MARKET CAPITALIZATION MARKET CONDITIONS MEMBER STATES MERGERS MINORITY SHAREHOLDER MINORITY SHAREHOLDERS MUTUAL FUNDS OWNERSHIP RIGHTS OWNERSHIP STRUCTURE PARENT COMPANIES PENSION FUND PENSION FUNDS POLITICAL INTERFERENCE PORTFOLIO PORTFOLIO INVESTMENT PORTFOLIO MANAGERS PORTFOLIOS PREEMPTIVE RIGHTS PRIVATE COMPANIES PRIVATE SECTOR PRIVATE SECTOR DEVELOPMENT PRIVATIZATION PRIVATIZATION INVESTMENT FUNDS PRIVATIZATION PROGRAM PROFIT SHARING PROTECTION OF SHAREHOLDERS PUBLIC COMPANIES PUBLIC COMPANY PUBLIC INFORMATION PUBLIC INTEREST PYRAMID STRUCTURES REGULATORY FRAMEWORK SHARE OWNERSHIP SHARE PRICE SHARE TRANSFERS SHAREHOLDER MEETING SHAREHOLDER MEETINGS SHAREHOLDERS SHAREHOLDERS RIGHTS SOCIAL INSURANCE STAKEHOLDERS STATE FUNDS STATE TELECOMMUNICATIONS STATEMENT STATEMENTS STOCK EXCHANGE STRATEGIC INVESTORS SUBSCRIPTION TRANSPARENCY VOTING VOTING SHARES This report provides an assessment of the corporate governance policy framework, and enforcement and compliance practices in Slovenia. The country has already upgraded its legislation to meet European Union (EU) Directives, and, its legal and regulatory framework dealing with corporate governance issues is now comparable to that of many EU member states. Strengths and weaknesses are highlighted, and policy recommendations are made where appropriate. The major issues are driven by the continuing transformation of Slovenian companies. Ownership of smaller companies and some blue chips will likely continue to consolidate, as strategic investors, and holding companies acquire control and 100 percent ownership; investor protection in these companies will require the diligent enforcement of takeover rules. For the remaining listed companies and others that will continue to have relatively dispersed ownership, related party transaction protection, and improved periodic disclosure are important. The report recommends that policymakers: 1) require a formal approval and disclosure process for related party transactions; 2) consider methods to increase minority representation on boards; 3) require the disclosure of shareholder agreements; 4) require that the SMA review the content of public company disclosure; 5) require an audit committee of the supervisory board for listed companies; and, 6) continue to support supervisory board training activities. The report also proposes that institutional investors (including State-owned funds) develop public voting, and board representation policies that require board members to act in the best interest of the company (and thus all shareholders and stakeholders). 2013-07-23T16:05:01Z 2013-07-23T16:05:01Z 2004-05 http://documents.worldbank.org/curated/en/2004/05/6594116/slovenia-report-observance-standards-codes-rosc-corporate-governance-country-assessment http://hdl.handle.net/10986/14476 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 Slovenia |