Original scientific paper
INTRODUCING SINGLE BOARD SYSTEM AT JOINT STOCK COMPANIES MERGER - JUSTIFICATION OF ITS INTRODUCTION AND DEVELOPMENT OF ECONOMIC PRACTICE IN THE REPUBLIC OF CROATIA
Marli Gonan Božac
Veljo Šumberac
Abstract
The purpose of this study is to show the possibility of transition to a single board system at the merger of joint stock companies. The study aims at analyzing the business situation of merging Puljanka d.d. (Puljanka Joint Stock Company), Brionka d.d. (Brionka Joint Stock Company) and Istra d.d. (Istra Joint Stock Company) as well as the organization of the new company according to single board system. The indirect aim is the contribution to the development of economic practice in the Republic of Croatia as well as further scientific research in this field.
This research is built upon the assumptions that the Management and Supervisory Boards find it justified for the merger of public joint stock companies to take place as well as that the Management and Supervisory Boards consider it appropriate for the new common company to be organized according to a single board system.
The merger and the single board system implementation are based on theoretical assumptions, legislative regulations of the Republic of Croatia as well as the global business practice so far.
Keywords
merger; dual board system; single board system; joint stock companies
Hrčak ID:
38195
URI
Publication date:
15.3.2009.
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