Corporate Governance Country Assessment : Croatia

Corporate Governance Country Assessment : Croatia

This report assesses Croatia's corporate governance policy framework for publicly traded companies. It highlights recent improvements in corporate governance regulation, makes policy recommendations, and provides investors with a benchmark aga...

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Bibliographic Details
Main Author:	World Bank
Format:	Corporate Governance Assessment (ROSC)
Language:	English en_US
Published:	Washington, DC 2014
Subjects:	ACCESS TO INFORMATION ACCOUNTING ACTIVE MARKET AUDIT COMMITTEE AUDIT COMMITTEES BANKING ASSETS BANKING LAW BANKING SECTOR BANKRUPTCY BENEFICIARIES BIDS BOND BONDS BROKERAGE BROKERAGES BROKERS BULL MARKET BUY BACK CAPITAL FUNDS CAPITAL MARKET CAPITAL MARKET DEVELOPMENT CAPITAL MARKETS CAPITAL STRUCTURE CENTRAL DEPOSITORY CIVIL LAW CLOSED END INVESTMENT COMMERCIAL PAPER COMMON LAW COMPANY INFORMATION COMPANY LAW CONFLICT OF INTEREST CONFLICTS OF INTEREST CONFLICTS OF INTERESTS CONTRACT ENFORCEMENT CORPORATE BONDS CORPORATE GOVERNANCE CORPORATE GOVERNANCE FRAMEWORK CORPORATE GOVERNANCE FRAMEWORKS CORPORATE GOVERNANCE REFORMS CORPORATE INSIDERS CORPORATE LAW COST OF CAPITAL CREDIBILITY CREDITOR CREDITOR RIGHTS CREDITORS CUSTODY CUSTODY SERVICES DEBT DEPOSITS DERIVATIVE DISCLOSURE REQUIREMENTS DISCLOSURE STANDARDS DIVIDEND PAYMENT DUE DILIGENCE ECONOMIC DEVELOPMENT ECONOMIC PERFORMANCE EFFICIENT MARKETS EMERGING MARKET EMERGING MARKET COUNTRIES ENFORCEMENT MECHANISMS EQUITIES EQUITY INVESTMENTS EQUITY MARKET EQUITY MARKET DEVELOPMENT EQUITY MARKETS EQUITY PRICES ETHICAL BEHAVIOR EXCHANGE RULES FINANCIAL CONGLOMERATES FINANCIAL CRISES FINANCIAL INSTITUTIONS FINANCIAL INSTRUMENTS FINANCIAL INTERMEDIARIES FINANCIAL MARKET FINANCIAL MARKET PARTICIPANTS FINANCIAL MARKETS FINANCIAL SECTOR FINANCIAL SECTOR DEVELOPMENT FINANCIAL SERVICES FINANCIAL STATEMENTS FINANCIAL STRUCTURE FIXED SHARE FOREIGN ASSETS FOREIGN BANK FOREIGN INVESTMENT FOREIGN INVESTORS FUND ASSETS FUND MANAGEMENT GOOD GOVERNANCE GOVERNANCE PRACTICES GOVERNANCE REGULATION GOVERNMENT BONDS GOVERNMENT OWNERSHIP HOLDING HOLDINGS INSIDER TRADING INSTITUTIONAL DEVELOPMENT INSTITUTIONAL INVESTORS INSURANCE INSURANCE COMPANIES INSURERS INTERNATIONAL STANDARDS INVESTING INVESTMENT BANKING INVESTMENT BANKS INVESTMENT FUND INVESTMENT FUNDS INVESTOR CONFIDENCE INVESTOR PROTECTION ISSUANCE ISSUERS OF SECURITIES JOINT STOCK COMPANIES JOINT STOCK COMPANY LEGAL FRAMEWORK LEGAL PROVISIONS LEGAL REFORM LEGAL RIGHTS LEGAL TRADITION LEGAL TRADITIONS LIMITED LIABILITY LIMITED LIABILITY COMPANIES LIMITED LIABILITY COMPANY LIMITED PARTNERSHIPS LIQUIDATION LOCAL GOVERNMENTS MANDATORY PENSION FUNDS MARKET CAPITALIZATION MARKET INTERMEDIARIES MARKET MANIPULATION MARKET PARTICIPANTS MARKET TRANSPARENCY MARKET VALUE MINORITY SHAREHOLDERS MONETARY FUND MONETARY INSTRUMENTS MUNICIPAL BONDS NATIONAL BANK NOTARY OPEN-END FUNDS OWNERSHIP DATA OWNERSHIP RIGHTS OWNERSHIP STRUCTURE PAYMENT OF DIVIDENDS PENSION PENSION FUND PENSION FUNDS PENSIONS PORTFOLIO PORTFOLIO INVESTMENT PREEMPTIVE RIGHTS PRIVATE PARTIES PRIVATE PENSIONS PRIVATIZATION PRIVATIZATION INVESTMENT PROPERTY RIGHTS PUBLIC COMPANIES PUBLIC OFFERING PUBLIC POLICY RAPID GROWTH REAL ESTATE REGISTRY REGULATION REGULATOR REGULATORS REGULATORY AGENCIES REGULATORY AUTHORITY REGULATORY CAPACITY REGULATORY FRAMEWORK REPUTATION RESERVES RETAIL INVESTORS RETIREMENT SAVINGS RIGHTS OF SHAREHOLDERS RISK FACTORS RULE OF LAW SECURITIES SECURITIES LAW SECURITIES MARKET SECURITIES MARKETS SECURITIES REGULATION SECURITIES REGULATOR SETTLEMENT SETTLEMENT SERVICES SHARE OWNERSHIP SHAREHOLDER SHAREHOLDER RIGHTS SHAREHOLDERS SHAREHOLDERS RIGHTS STANDARD CONTRACT STATUTORY REQUIREMENTS STOCK EXCHANGE STOCK EXCHANGES STOCK MARKET STOCK PRICES STOCKS STRATEGIC INVESTORS SUPERVISORY AGENCY SUPERVISORY AUTHORITY SUPERVISORY BOARD SUPERVISORY BOARDS TRADING TRADITIONAL BANKING TRANSACTION TRANSACTION COSTS TRANSPARENCY TREASURY TURNOVER TURNOVER RATIO UNDERWRITERS VALUATIONS VALUE OF ASSETS VENTURE CAPITAL VENTURE CAPITAL FUNDS WEAK CORPORATE GOVERNANCE
Online Access:	http://documents.worldbank.org/curated/en/2008/03/20225987/croatia-report-observance-standards-codes-rosc-corporate-governance-country-assessment http://hdl.handle.net/10986/20435

Description
Summary:	This report assesses Croatia's corporate governance policy framework for publicly traded companies. It highlights recent improvements in corporate governance regulation, makes policy recommendations, and provides investors with a benchmark against which to measure corporate governance in Croatia. It is an update of the 2001 corporate governance Report on the Observance of Standards and Codes (ROSC). Croatia has experienced rapid and substantial reform over the last decade. New institutions have been created and the roles of private ownership and market forces have expanded. This rapid pace of reform has continued to meet the various requirements for membership in the European Union (EU). Since the 2001 ROSC there have been substantial legal and regulatory changes, many of which address shortcomings identified in the 2001 assessment. Since 2001, Croatia has undertaken substantial legal and regulatory change that has led to a number of improvements in the framework for corporate governance. The two stock exchanges were recently merged and a code of corporate governance introduced. Reform continues as Croatia works towards joining the EU. The real economy has also performed well, valuations have risen rapidly, and investment fund assets are growing strongly.