<abstract xml:lang="en" xmlns="http://www.w3.org/1999/xhtml"><p>Good corporate governance depends on well balanced relations between supervisory mechanisms in the corporate governance process. Relations between the supervisory board, as the internal supervisory mechanism, and external auditing, as the external supervisory mechanism, are crucial for the development of good corporate governance practice. This paper focuses on analyzing the relationship between the supervisory board and external auditing in order to determine the current state of that relationship in the Republic of Croatia and to determine possible guidelines for improving the relationship between the supervisory board and external auditing in practice. In addition, this study analyzes the relationship between the supervisory board and external auditing, which could lead to the maximum efficiency of both the supervisory board and external auditing and tests that relationship in practice using publicly traded companies in Croatia. This study also analyzes the impact of the audit committee on the efficiency of the supervisory board and external auditing.</p></abstract>

Good corporate governance depends on well balanced relations between supervisory mechanisms in the corporate governance process. Relations between the supervisory board, as the internal supervisory mechanism, and external auditing, as the external supervisory mechanism, are crucial for the development of good corporate governance practice. This paper focuses on analyzing the relationship between the supervisory board and external auditing in order to determine the current state of that relationship in the Republic of Croatia and to determine possible guidelines for improving the relationship between the supervisory board and external auditing in practice. In addition, this study analyzes the relationship between the supervisory board and external auditing, which could lead to the maximum efficiency of both the supervisory board and external auditing and tests that relationship in practice using publicly traded companies in Croatia. This study also analyzes the impact of the audit committee on the efficiency of the supervisory board and external auditing.

Internal and External Supervisory Mechanisms in Corporate Governance

Faculty of Economics and Business, University of Zagreb

South East European Journal of Economics and Business

{"article-title":"Internal and External Supervisory Mechanisms in Corporate Governance"}

Good corporate governance depends on well balanced relations between supervisory mechanisms in the corporate governance process. Relations between the...

Internal and External Supervisory Mechanisms in Corporate Governance

Publié en ligne: 13 juin 2011

Pages: 57 - 70

DOI: https://doi.org/10.2478/v10033-009-0015-2

Mots clés
corporate governance, supervisory board, external auditing, audit committee

This content is open access.

Internal and External Supervisory Mechanisms in Corporate Governance

Publié en ligne: 13 juin 2011

Pages: 57 - 70

DOI: https://doi.org/10.2478/v10033-009-0015-2

Mots cléscorporate governance, supervisory board, external auditing, audit committee

This content is open access.

Mots clés
corporate governance, supervisory board, external auditing, audit committee