Preliminary communication
https://doi.org/10.22598/zefzg.2026.1.143
Board governance in Southeast Europe: towards stronger training and qualification standards for non-executive and supervisory board members
Darko Tipurić
orcid.org/0000-0001-8785-0179
; Faculty of Economics and Business, University of Zagreb, Zagreb, Croatia, Deutsche Bank, Frankfurt am Main, Germany
*
Lana Cindrić
; Faculty of Economics and Business, University in Zagreb, Zagreb, Croatia
Ivana Kovač
orcid.org/0000-0002-1108-4508
; Faculty of Economics and Business, University in Zagreb, Zagreb, Croatia
* Corresponding author.
Abstract
This paper takes up the question of how training, continuous professional development and qualification frameworks shape the effectiveness of non-executive directors and supervisory boards across Southeast Europe. Eleven national systems are brought into view, encompassing both EU Member States and the countries of the Western Balkans. The study proceeds along comparative lines, drawing on company law, codes of corporate governance and regulatory guidance. What emerges is a picture of formal alignment with European standards, alongside a far more limited development of practices that meaningfully enhance how boards actually perform, particularly in the domains of structured training and measurable professional development. The paper argues, in closing, that any genuine improvement in board performance will call for a more systematic approach to the building of competence, one that rests on stronger training infrastructure and clearer professional standards.
Keywords
corporate governance; board effectiveness; non-executive directors; professional development; Southeast Europe
Hrčak ID:
349892
URI
Publication date:
28.7.2026.
Visits: 3 *