APPLICATION OF THE PRINCIPLES OF CORPORATE GOVERNANCE IN AGRICULTURE COOPERATIVES
DOI:
https://doi.org/10.5937/ekoPolj1802827MKeywords:
corporate governance, agriculture cooperatives, strategic developmentAbstract
The principles of corporate governance in the global economies and in the process of globalization are recognized and stated as extremely important, first in the successful business of companies and gaining competitiveness on the market, and then in the successful resolution of possible conflicts and conflicts of different interest groups within the companies themselves. However, can corporate governance principles be applied in agricultural cooperatives, which now, more than ever, require a good organization, the structure of the rules on which they will be more organized on the market and represent the interests of their cooperatives? By analyzing the cooperative sector, its been attempted to integrate the principles of corporate governance, with the functioning of agricultural cooperatives, their basic values, organization, traditional organization, etc. in a way that they do not stand one against the other, but one in the function of the other, as a mutual complement.
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2. Bulatović, I., Škorić, S., Jovanović, V. (2016) Branding the business name. Economics of agriculture, 63(4): 1323-1332, DOI: 10.5937/ekoPolj1604323B
3. Claessens, S. (2003) Corporate Governance and Development. A Global Corporate Governance Forum, Focus 1, The International Bank for Reconstruction and Development, Washington.
4. Đorđević, M. (2004) Corporate governance: genesis, models, problems. Privredna izgradnja 47(3-4): 191-212, DOI: 10.2298/PRIZ0404191D [in Serbian: Đorđević, M. (2004), Korporativno upravljanje – geneza, modeli i problemi].
5. Jensen, M. & Meckling, W. (1976) Theory of the Firm: Managerial Behavior, Costs and Ownership Structure. Journal of Financial Economics, Harvard University Press 3(4): 305-360, DOI: 10.1016/0304-405X(76)90026-X
6. Josifdis, K. (2004) Modern Capitalism: Multiformity vs. Uniformity, Prizma 1(2): 52-67. [in Serbian: Josifdis, K. (2004), Moderni kapitalizam: multiformnost vs uniformnost].
7. Josifdis, K. (2004): Macroeconomics: principles, theories, politics. Vedes, Beograd. [in Serbian: Josifdis, K. (2004) Makroekonomija: principi, teorije, politika].
8. Jovanović, J. & Grujić, B. (2016) Historical development of corporate governance as the basis for current corporate trends. Ekonomika, 62(1): 187- 198, DOI: 10.5937/ekonomika1601187J. [in Serbian: Jovanović, J. & Grujić, B. (2016) Istorijski razvoj korporativnog upravljanja kao osnova za aktuelne korporativne trendove].
9. Kester, C. (1992). Governance, Contracting, and Investments Horizons: Look at Japan and Germany. Journal for Applied Corporate Finance, 5(2): 83-98.
10. Kirkpatrick, G. (2009) The Corporate Governance Lessons from the Financial Crisis, OECD, Pre-publication version for Vol. 2009/1, Retrieved from https://www.oecd.org/fnance/fnancial-markets/42229620.pdf (March 16, 2018)
11. Maričić, G. (2016) Bodies of management of a limited liability company in the Republic of Serbia and the Republic of Srpska. Pravo, teorija i praksa, 33(4-6): 48-60. [in Serbian: Maričić, G. (2016) Organi upravljanja društva sa ograničenom odgovornošću u Republici Srbiji i Republici Srpskoj].
12. Mirković, P., Maričić, G. (2017) Adoption of decisions of the assembly of the joint-stock company. Kultura Polisa, 14(34): 331-342. [in Serbian: Mirković, P., Maričić, G. (2017) Pobijanje odluka skupštine akcionarskog društva].
13. Nedeljković, M., Zoranović, T, Vukoje, V. i Plavšić, M. (2017) Business decision making in agriculture and agribusiness. Agroekonomika, No. 76: 55- 65. [in Serbian: Nedeljković, M., Zoranović, T, Vukoje, V. i Plavšić, M. (2017) Poslovno odlučivanje u poljoprivredi i agrobiznisu].
14. Srđević, B. (2006) Multicriteria and social decision-making methods in modern agriculture. Savremena poljoprivredna, No. 55: 1-8. [in Serbian: Srđević, B. (2006) Višekriterijumski i društveni metodi odlučivanja u savremenoj poljoprivredi].
15. The Strategy of Agriculture and Rural Development of the Republic of Serbia for the period of 2014-2014, "Offcial Gazette of RS" No. 85/14
16. Strategy for the development of agricultural cooperatives in the Republic of Serbia (2012), Ministry of Agriculture, Forestry and Water Economy, Društvo agrarnih ekonomista Srbije, Beograd. [in Serbian: Strategija razvoja zemljoradničkog zadrugarstva u Republici Srbiji (2012), Ministarstvo poljoprivrede, trgovine, šumarstva i vodoprivrede]. Retrieved from http://portal.zzbaco.com/mojo_baco/Data/Sites/1/daes_brosura_strategija.pdf (March 15, 2018)
17. Škorić, S. (2010) Law, economy and pluralism of interest. Pravo i politika No. 2: 171-181. [in Serbian: Škorić, S. (2010) Pravo, privreda i pluralizam interesa].
18. Tomić, D, Gulan, B., Kostov, R. (2017) Guide through the Cooperative of Serbia. Praktični priručnik, Beograd. [in Serbian: Tomić, D, Gulan, B., Kostov, R. (2017) Vodič kroz zadrugarstvo Srbije].
19. Law on Cooperatives, "Offcial Gazzete of RS" No. 112/2015
20. Law on Companies, "Offcial Gazette of RS" Nos. 36/2011, 99/2011, 83/2014 and 5/2015
21. Vignjević – Đorđević, N., Jovićević, P., Kocić, S (2015) Specifcs of corporate managment in agribusines in transitional conditions. Economics of agriculture, 62(3): 869-879.
22. Vučković, V. & Vučković, S. (2016) Development of Corporate Governance in Transition Countries of Europe. Megatrend revija 13(2): 37-58. [in Serbian: Vučković, V. i Vučković, S. (2016) Razvoj korporativnog upravljanja u tranzicionimzemljama Evrope].
23. Vujatović, Z. & Stojanović, Ž. (2008) Economics of agrar, Ekonomski fakultet, Beograd. [in Serbian: Vujatović, Z. & Stojanović, Ž. (2008) Ekonomika agrara].
24. Vukoje, V. & Zekić, V. (2010) Economic position of agricultural enterprises in Vojvodina (2001-2009). Economics of agriculture, 57(3): 425-435.
25. Cooperative Union of Serbia [in Serbian: Zadružni Savez Srbije]. Retrieved from http://www.zssrbije.org/istorija-zadrugarstva.html (March 15, 2018)
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Published
2018-06-27
How to Cite
Maričić, G., Škorić, S., & Radenković, D. (2018). APPLICATION OF THE PRINCIPLES OF CORPORATE GOVERNANCE IN AGRICULTURE COOPERATIVES. Economics of Agriculture, 65(2), 827–841. https://doi.org/10.5937/ekoPolj1802827M
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Review articles
