Abstract:
In the era of liberalization of economic relations and more intensive collaborations
between companies, the issue of corporate governance is especially
up-to-date. The way corporate governance is carried out depends on the way
a company is perceived and what its role is. A company perceived solely as
a tool for its owners to accomplish their goals represents a financial model, in
which a superior goal is creation and growth of value for owners as a result of
fulfillment of their interests. The role of corporate governance in this case is to
create an effective system of relations between company owners and hired managers.
In broader spectrum the result of company’s work should be the value
for all subjects involved – stakeholders, which guarantees security and safety.
The aim of the article is to discuss the correlation between the perception
of a company, the concept of its value and the way corporate supervision is
carried out.