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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| Language: | English en_US |
| Published: |
Washington, DC
2014
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| 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 |
| 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. |
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