CORPORATE GOVERNANCE AND ORGANISATIONAL CULTURE

Abstract: The interdependence of corporate governance and organizational culture has always existed. Corporate governance is present in large organizations, which we call joint stock companies in BiH. The organization’s workflow, dividend payments, and day-to-day operations are monitored by people in charge of corporate governance. On the other hand, within each organization, and so on the corporations, a certain organizational culture is introduced, which is specific, and it is essentially known only by employees of a certain company. How much the real impact of organizational culture on corporate governance in BiH companies will be seen in the paper that follows. Corporative management is a form of governance that is characteristical for corporations, or for joint stock companies. Corporate governance, as a set of mechanisms by one corporation, grows and develops on the market, is of fundamental importance to developed countries of the world (United States - US, United Kingdom - UK, Germany, Canada, France and Japan). In the case of lower organizational forms of companies, capital owners often also make their management-management structure. The corporation represents such an organizational form of companies where there is a large number of capital owners whose ability to manage such an entity is insufficient, so they are required to engage professionally competent experts outside the business community (managers) to which they delegate the right to manage and manage. Organizational culture is a special form of culture that includes certain customs, attitudes, values, traditions and rituals. Organizational culture encompasses a system of ideas and concepts, customs, traditions, procedures and habits for acting in special macroeconomics. Organizational culture is a set of values, norms and beliefs.

 

Keywords: corporative governance, organisational culture.

 

Sažetak: Međuodnos korporativnog upravljanja i organizacijske kultue je oduvijek postojao. Korporativno upravljanje je prisutno u velikim organizacijama, koje u BiH nazivamo dioničkim društvima. Proces rada organizacije, isplate dividende, obavljanja day – to – day operacija prati se od strane osoba koje su zadužene za korporativno upravljanje. Sa druge strane, unutar svake organizacije, pa tako i korporacije, posti određena organizacijska kultura, koja je specifična, te nju suštinski poznaju samo uposlenici određene kompanije. Organizacijska kultura ima svoje elemente, funkcije kao i tipove, a kroz rad se pokušalo definirati koje funkcije, elementi i koji tipovi organizacijske kulture su zapravo najkarakterističniji u korporacijama koje se nalaze u Bosni i Hercegovini. Istraživački proces, koji je uključivao anketiranje 5 dioničkih društava u Bosni i Hercegovini, i koji se zahvaljujući poštivanju metodološkog okvira, gdje je prva metoda bila hipotetičko deduktivna, i alata deskriptivne statistike, je dao adekvatne rezultate. Ti rezultati predstavljeni su u dijelu rada koji se odnosi na empirijsko istraživanje, a isti je doveden u vezu sa prethodno postavljenim hipotezama i ciljevima istraživanja.

 

Ključne riječi: korporativno upravljanje, organizacijske kultura.