CEU eTD Collection (2013); Nagy, Dávid: Corporate Governance Rules in Hungary and Slovakia

CEU Electronic Theses and Dissertations, 2013
Author Nagy, Dávid
Title Corporate Governance Rules in Hungary and Slovakia
Summary The presented thesis addresses the issue of corporate governance rules in Hungary and Slovakia. The research focuses on statutory and non-statutory regulation of public and private limited companies in both countries. It points out the fact that in both Hungary and Slovakia the basis for corporate governance is to be found in the statutory provisions of corporate law. These provisions are further refined by the non mandatory rules of the local stock exchanges in both countries, which even if accepted do not have to be kept by the company if it can provide a justifying explanation for the deviation. The comparative analysis of the legal and non statutory regulations of these two sovereign countries reveals that these regulations are fairly similar when it comes to corporate governance. However, some differences can be identified and are discussed in this paper. By examining the real life application and issues of corporate governance rules in both countries this thesis concludes that companies which desire to create a functioning and transparent business environment, in order to attract foreign investors are suggested to accept the corporate governance rules as well as the regulations of the local stock exchanges.
Supervisor Stefan Messmann
Department Legal Studies LLM
Full texthttps://www.etd.ceu.edu/2013/nagy_david.pdf

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