9th Business & Management Conference, Prague

THE DISTRIBUTION OF DECISION MAKING BODIES IN COMPANIES LISTED ON THE BUDAPEST STOCK EXCHANGE

ISTVAN BARTOK

Abstract:

Public companies listed on a stock exchange face special requirements concerning the conduct of behaviour in their main decision making bodies like boards of directors and supervisory boards. To act professionally the boards should have the right capabilities, which requires diversity in their composition. The criteria concerning the composition of boards are complex, reflecting on the complexity of their businesses scope and environmental conditions. The particular solutions applied by companies are varied according to their own business needs, effected by their size, industries, geographical scope of their activities, the organisational principles that have been chosen and other relevant variables. The paper is aimed at discovering the present state of compliance to these criteria in the case of companies listed on the Budapest Stock Exchange.

Keywords: Business Objectives of the Firm, Firm Organization and Market Structure, Corporate Culture, Diversity, Social Responsibility, International Business Administration

PDF: Download