THE IMPACT OF CORPORATE GOVERNANCE ON ECONOMIC SECURITY

Ilija Životić; Slavko Ivković; Milica Popović; Aleksandar Rajković; Joao Kaputo

doi:10.59864/Oditor42503IZ

Authors

Ilija Životić Assistant Professor, University "Union - Nikola", Faculty of Engineering Management, Belgrade, Serbia Author https://orcid.org/0000-0002-3288-3915
Slavko Ivković University "Union - Nikola", Faculty of Management, Sremski Karlovci, Serbia Author https://orcid.org/0000-0002-1671-3107
Milica Popović College of vocational studies for management and business communications, Belgrade, Serbia Author https://orcid.org/0000-0002-5783-671X
Aleksandar Rajković Assistant Professor, Miltary Academy, University of Defence, Belgrade, Serbia Author https://orcid.org/0000-0001-6137-3749
Joao Kaputo Força Aérea Angolana, Rua 17 de Setembro, Luanada, Angola Author https://orcid.org/0009-0000-0290-6920

DOI:

https://doi.org/10.59864/Oditor42503IZ

Keywords:

corporate governance, economic security, transparency, responsibility, risk, internal controls

Abstract

Corporate governance is a set of mechanisms, rules and processes through which a company's operations are directed and controlled, with the aim of ensuring efficiency, accountability and transparency. At the same time, the economic security of a company implies the stability, resilience and ability of an organization to protect its resources and business interests from internal and external risks. The paper explores the connection between corporate governance and economic security, pointing out that well-implemented management principles contribute to risk reduction, strengthening investor confidence, more efficient use of resources and long-term sustainability of business. Special attention is paid to transparency, management accountability and the role of internal controls and corporate security systems in preserving the economic stability of a company. By analyzing relevant literature and practice, the paper points to the importance of an integrated approach to corporate governance and security management as key factors of competitiveness and survival of a company in modern business conditions.

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