POJAM I KARAKTERISTIKE KORPORACIJE I SAVREMENIH SISTEMA KORPORATIVNOG UPRAVLJANJA
THE CONCEPT AND CHARACTERISTICS OF CORPORATION AND MODERN CORPORATE GOVERNANCE SYSTEMS

Summary/Abstract: This text was created as a result of a more extensive theoretical review and research of corporate governance systems, their regulatory legal norms, with their characteristic determinants that greatly distinguish them from each other, with the presentation of the corporation as an organizational form within the corporate governance system. Corporate governance refers to the way a company (corporation) is organized and contains the laws, rules and principles on which the organization is based and run. There are two basic types of corporate governance systems in the world: ▪ A single-modal system (some call it the Anglo-Saxon, outsider or market model), which originated and is practiced in the United Kingdom, the USA and Canada, and ▪ The dual system (many call it the insider or continental model), and is mostly used in Western European countries and, today, increasingly in some European countries in transition. Most authors here include Japan. Because of that, however, we will give an overview of the Japanese system of corporate governance ▪ Japanese-Eastern model of corporate governance (some authors also refer to it as a hybrid).

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