CEU Electronic Theses and Dissertations, 2009
| Author | Zedashidze, Angela |
|---|---|
| Title | COMPOSITION PROBLEMS OF SUPERVISORY BOARDS OF THE GEORGIAN STOCK COMPANIES |
| Summary | Law of Georgia on Entrerpreneurs contains loopholes regarding the composition of the supervisory boards of the Gerogian stock companies. These gaps cause bad corporate governance of corporations in practice. In order for Georgian corporations to comply with the best international standards and improve their corporate governance, amendments in the law is necessary. The present paper is focused on the analysis of German and U.S. corporate governance rules regarding the compsition of the boards of public companies. Comparing these two different corporate governance systems, I conclude, that the best solution for Georgian corporations is to compose their supervisory boards entirely with independent directors, to establish committees composed with qualified members and to reduce the number of the supervisory board members. Also, functions of the supervisory and management boards must be clearly seperated in corporate governance practices of the Georgian corporations, i.e.management boards must not elect the members of the supervisory boards. |
| Supervisor | Messmann, Stefan |
| Department | Legal Studies LLM |
| Full text | https://www.etd.ceu.edu/2009/zedashidze_angela.pdf |
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