The Corporate Governance Statement and Audit Committee in the European Union and Republic of Slovenia

Abstract:
As a rule, public companies in the Republic of Slovenia use a two-tier system of corporate governance. The supervisory board in such companies can establish a balance among the interests of managers, shareholders, stakeholders and social groups allowing the corporation to function effectively in the long-term. At the same time, the work of the audit committee, together with a clear but complex corporate governance statement, ensures better supervisory powers and provides support to shareholders in supervising the company.