The analysis of the factors of corporate governance is divided into four thematic sections. In the first part corporate governance is defined as part of the broader economic context. The second part deals with the principles of corporate governance. In the third part, the relation between the index of corporate governance and individual indicators (an indicator of commitment, transparency, and disclosure, caring for partners, and control and audit) regarding ownership is defined. An analysis was undertaken for the countries of Central and Eastern Europe. A higher level of foreign ownership had a positive correlation with the corporate governance index. On the other hand, the correlation between state ownership and corporate governance index was not clear. The prevention of poor banking practices does not only lie in controlling functions, but also in the general corporate and risk-taking cultures, and the social perception of managerial roles, regardless of ownership structure.

This paper focuses on the analysis of the characteristics of corporate governance in banks in Poland and Slovenia between 2005 and 2013. It studies the impact of corporate governance in these banks on their performance. The results of our research show that Slovenia achieved lower average scores for the variables and indicators related to the transparency of corporate governance than Poland. The density of banks with the highest corporate governance index scores was higher in Poland than in Slovenia. When examining the impact of corporate governance on bank performance as measured with net interest income, the regression analysis showed that its impact is positive in both countries and that it is statistically significant in Slovenia.

Zakon o revidiranju in zadnja novela ZGD-1K sta vnesla novo definicijo subjektov javnega interesa (SJI) v slovenski pravni prostor. Ta pojem zavzema vse javne delniške družbe in gospodarske družbe iz finančnega področja (banke in zavarovalnice), za katere veljajo bolj stroga pravila računovodskega poročanja in delovanja. Slovenija je evropsko definicijo SJI razširila še na vse gospodarske družbe, v katerih ima država ali lokalna skupnost večinski delež glasovalnih pravic. Že od novele ZGD-1J, morajo SJI v poslovnem poročilu priložiti posebno izjavo o nefinančnem poslovanju, ki vsebuje pomembne podatke o okoljskih, socialnih in kadrovskih zadevah, spoštovanju človekovih pravic ter v zadevah v zvezi z bojem proti korupciji in podkupovanju z obrazložitvami izvajanih politik na tem področju. Epidemija COVID-19 nam je pokazala, da smo ranljivi in kako pomembna je socialna in pravna država ter ustrezen odnos do narave. Zato poslovanje gospodarskih subjektov v in po epidemiji zahteva ponoven premislek o vzdržnem poslovnem modelu, kjer ni na prvem mestu zgolj lukrativni namen družb ustvarjati dobiček na trgu, ampak tudi ustrezen odnos do naravnega in predvsem družbenega okolja. Pričakovati je, da bodo nefinančna poročila razširjena na SJI, predvsem družbe, katerih glasovalne pravice so v državni in lokalni lasti in od njih se pričakuje poslovanje, ki bi upoštevalo ustrezen odnos do naravnega in družbenega okolja. Tako avtorja v prispevku podajata tudi nekatere predloge in primere dobrih praks, za povečanje družbene odgovornosti SJI in s tem zmanjševanje revščine.

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The question of access to a cost-accessible source of electrical energy during the winter months is one of the pressing concerns of social security even in developed states. We will analyse the complex legal, health and economic issues that are connected with the notion of who a vulnerable consumer is as defined in the Slovenian Energy Code (EZ-1). We will do so by analysing the nature of electrical energy in the Slovenian legal framework and then by evaluating the legal solutions proposed for vulnerable consumers. Consequences for an individual’s health, with a focus during the winter months, will be assessed and a comparative overview of legal solutions will be performed. Lastly, we will argue that the current solution may well be economically untenable and that a revision might be in order.Vprašanje dostopa do stroškovno dostopnega vira električne energije v zimskih mesecih je tudi v razvitih državah eden od nujnih vprašanj socialne varnosti. Analizirali bomo kompleksna pravna, zdravstvena in ekonomska vprašanja, povezana s pojmom, kdo je ranljivi potrošnik glede na opredelitev v slovenskem Energetskem zakonu (EZ-1). Tega se bomo lotili z analizo narave električne energije v slovenskem pravnem okviru in nato z oceno zakonskih rešitev, ki so predlagane za ranljive potrošnike. Ocenili bomo posledice za zdravje posameznika, s poudarkom na zimskih mesecih, in podali primerjalni pregled zakonskih rešitev. Sklepno bomo trdili, da bi bila sedanja rešitev lahko ekonomsko nevzdržna, zato bi bila priporočljiva sprememba zakonodaje.

Background and Purpose: In Slovenia, few management buyout (MBO) studies have been carried out. The focus was mostly on the motives for acquisition of companies and the success rate of the acquisitions. This paper aims to analyse the indicators which suggest an impending bankruptcy or financial restructuring of companies and explore how these indicators are different for successful and unsuccessful MBOs.Methodology: In the survey, we included 23 selected MBOs in Slovenia between 2005 and 2008, using the following financial and non-financial indicators: profitability, performance, solvency and liquidity, using the analytic hierarchy process method. The key aim of the survey was to use financial and non-financial indicators to study if target companies where bankruptcy or financial restructuring has not yet been initiated prevalently have higher aggregate values compared to those in which bankruptcy or financial restructuring procedures have already begun. Thus, we used the selected indicators to demonstrate one of the possible methods to predict the success of a particular MBO.Results: We found that in most examples of unsuccessful MBOs, target companies have poorer results in terms of performance, solvency and liquidity, when compared to successful MBOs. Based on the selected areas, we divided the results into four quarters. We found that most target companies where MBOs had been unsuccessful are ranked in a lower quarter than most of the target companies where the MBOs had been successful.Conclusion: The papers main contribution is the finding that the selected financial and non-financial indicators differ in cases of successful and unsuccessful MBOs. This knowledge helps us to find ways of avoiding these situations in the future.