Role of Management, Supervisory Board and General Assembly of Credit Institution in Corporate Governance

Abstract

Managing a company that acts as a member of the management board and supervisory board is an extremely demanding and responsible task. Precisely for this reason, the legislation of each country has prescribed the conditions that must be met by persons who aspire to these tasks. The most important legal framework in the Republic of Croatia is the provisions of the Companies Act. The conditions that must be fulfilled by the members of the management, supervisory board, and board of directors of credit institutions are more demanding than the conditions prescribed for the members of the management structures of non-financial companies. These conditions are specified in the Credit Institutions Act. The aim of the paper is to analyse the management, supervisory board and general assembly of credit institutions in accordance with the Croatian legislation. The research was conducted on the basis of available scientific and other relevant literature.