Risk management according to ISO 31000Borut Jereb
, Matjaž Knez
, Darja Kukovič
, Tina Cvahte
, Matevž Obrecht
, 2016, independent scientific component part or a chapter in a monograph
Abstract: Organizations of all types and sizes face internal and external factors and influences that make it uncertain whether and when they will achieve their objectives. The effect this uncertainty has on an organization's objectives is «risk».
Although the practice of risk management has been developed over time and within many sectors in order to meet diverse needs, the adoption of consistent processes within a comprehensive framework can help to ensure that risk is managed effectively, efficiently and coherently across an organization. The generic approach described in this International Standard provides the principles and guidelines for managing any form of risk in a systematic, transparent and credible manner and within any scope and context.
All activities of an organization involve risk. Organizations manage risk by identifying it, analysing it and then evaluating whether the risk should be modified by risk treatment in order to satisfy their risk criteria. Throughout this process, they communicate and consult with stakeholders and monitor and review the risk and the controls that are modifying the risk in order to ensure that no further risk treatment is required. ISO 31000 describes this systematic and logical process in detail. (IS0 31000, 2009).
Keywords: risk management, risk analysis, risk evaluation, business, organizations, companies
Published: 10.05.2018; Views: 302; Downloads: 35
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Minority shareholder protection in group of companies and its effect on the economic growthTil Rozman
, 2014, original scientific article
Abstract: Building on some of the key findings of the so-called law matters theory and its criticism, and taking into account that the economic growth of the Slovenian economy is weak, this paper emphasizes the importance of the minority shareholder protection for the economic growth. Since a group of companies has become the prevailing form of large enterprises, the focus of the paper is on the outside minority shareholder protection. Although groups of companies are a well-known and established topic in several law sectors at the national and the EU level (competition law, tax law, labour law etc.), they are only seldom the subject of the national or EU company law. However, Slovenia is one of only a few member states that have codified company law relating to group of companies. This paper finds that Slovenian normative framework provides a comprehensive protection for outside minority shareholder. As it is especially the enforcement matters that are relevant, not only the codified law (in books), further research on the Slovenian company law relating to group of companies is legitimate and necessary, and should revolve around the question of whether the regulation has achieved the desired objectives in the practice.
Keywords: minority shareholder protection, group of companies, economic growth, corporate governance, Slovenian law relating to group of companies
Published: 02.08.2018; Views: 97; Downloads: 15
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Innovating in a Startup: Germany versus SloveniaMartina Repnik
, 2018, undergraduate thesis
Abstract: Startup companies are enterprises, which are created with the purpose of growth. The driving force of their growth is innovation, which contributes to the competitive advantage of companies in general. Those companies that have a competitive advantage over other companies can exist on a larger scale: they can employ a greater number of workers which contributes to lower unemployment rates in national economies. That is why startup companies are so important for a country’s well-being, and it is crucial for governments that want economic growth to support them. The most efficient way the government can support startups is through creating the right environment where they can exist and develop. There are different factors that contribute to an overall efficient environment; the most relevant one for this thesis is innovation activity. In the thesis, all the relevant factors were analyzed and the chosen countries (Germany and Slovenia) were compared based on their scores. This way, a more startup-friendly business environment was established. Moreover, interviews with startups from each observed country were conducted to further confirm/deny the theoretical conclusions established in the thesis. From all the information gathered, both theoretical and practical, our assumption that Germany has a better ecosystem for startups to exist in was confirmed.
Keywords: startup companies, entrepreneurship activity, startup ecosystem, national culture, innovation, innovation activity
Published: 23.11.2018; Views: 97; Downloads: 25
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The online communication of corporate social responsibility in subsidiaries of multinational companies in HungaryRichard Szanto
, 2018, review article
Abstract: Background and Purpose: Many studies have explored the differences in the management of corporate social responsibility (CSR) of multinational companies across the globe. The main question of the study was, are there differences between CSR practices between home country and host country operations?
Design/Methodology/Approach: This study investigates the differences in online CSR communication between global corporate websites and the webpages of local subsidiaries in Hungary. The sample contains 70 multinational companies (MNCs) and their Hungarian subsidiaries. All the subsidiaries of the sample are listed amongst the largest 200 companies (based on turnover) in Hungary. Both the local (Hungarian) and the global internet sites of these MNCs were visited, and pre-defined categories were sought on the corporate websites. The presence/lack of these CSR themes and topics on the websites were recorded.
Results: The findings show that online CSR disclosure of the subsidiaries is usually more limited than the global communication. Moreover, distance from the headquarters seems to matter, the farther the headquarters of the MNC is located, the narrower CSR presence on the websites of the local subsidiary can be observed.
Conclusion: The paper’s main contribution is to deepen our knowledge about the CSR strategies of the multinational companies across their operations. It was confirmed that their CSR practices significantly differ between the host and home countries.
Keywords: CSR, local subsidiaries, multinational companies, online communication
Published: 10.10.2018; Views: 248; Downloads: 109
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Corporate governance of slovenian and german telecommunications companiesNatalija Pauman
, 2019, master's thesis
Abstract: In the master’s thesis we researched corporate governance and the quality of corporate governance. Corporate governance and management of organizations stem from the need and the desire for the existence and development of an organization. It is necessary to establish certain kind of monitoring and controlling in organizations, which we define with the term “corporate governance”. Corporate governance is the system of regulating and controlling corporate conduct and of balancing interests of all shareholders and other stakeholders to which company has influence. The interests of directors and shareholders may be in contrast. The purpose of corporate governance is to find a way to satisfy the interest of both, the board of directors and the shareholders, and at the same time to create long-team and sustainable growth for the company. Corporate governance is extremely important for individual organizations and, consequently, for their business. Compering different organizations, their corporate governance is done in different ways. Corporate governance in developed countries and leading economies is certainly different than in smaller and less developed countries. In this case, arises a question what kind of corporate governance can be labelled as “good” or “first-class” corporate governance. In order to improve corporate governance practices, various legal regulations and other forms of binding and less binding rules, recommendations, codes and standards have been developed. Quality is extremely important for organizations, therefore several methods, methodologies and indexes for measuring the quality of corporate governance have been developed. The purpose of methods is to evaluate and compare the quality of corporate governance between individual companies and between different countries. The results can serve for developing measures to improve corporate governance practices. At the same time, findings can serve to modify and supplement existing legislation and recommendations. The corporate governance index, as a measure of the quality of corporate governance processes, can also be one of the important indicators of the company's potential in order to access to new sources of capital and to reduce the capital´s costs in comparison with other companies. The main purpose of the master's thesis is to study corporate governance and its impact on the business of Slovenian and German telecommunication companies. We make comparison between following companies: Telekom Slovenije, d.d., A1 Slovenija, d.d., Deutsche Telekom AG and Telefónica Deutschland Holding AG. The quality of corporate governance in selected companies was measured with the SEECGAN methodology and index. The methodology was designed to measure the quality of corporate governance. It ensures transparency and provides a structured overview of the main areas of corporate governance between different companies. In empirical part of master’s thesis, we found out that Telekom Slovenije, d.d. has "first-class" quality of corporate governance, A1 Slovenia, d.d. has a "good" quality of corporate governance, Deutsche Telekom AG has a "first-class" quality of corporate governance and Telefónica Deutschland Holding AG has a "good" quality of corporate governance. We found out that both countries have companies with “first-class” and “good” corporate governance. The quality of corporate governance is not related to the national origin or country of operation of the company. One of the main finding of the analysis is that there are no significant differences between the quality of corporate governance in specific areas of SEECGAN index in Slovenian and German companies.
Keywords: corporate governance, quality of corporate governance, telecommunication companies, public stock companies, SEECGAN index and methodology, measuring the quality of corporate governance
Published: 24.10.2019; Views: 18; Downloads: 5
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