Legal Framework of Developing Corporate Governance in Healthcare Organizations in Kazakhstan

2019 ◽  
Vol 10 (3) ◽  
pp. 890
Author(s):  
Indira Sovetovna SAKTAGANOVA ◽  
Gulmira Sovetovna SAKTAGANOVA ◽  
Sholpan Sherehanovna ORMANOVA ◽  
Elnara Ashimovna ASHIMOVA ◽  
Nurzhan SAULEN
Keyword(s):  
Corporate Governance ◽  
Supervisory Board ◽  
Legal Framework ◽  
Gradual Transition ◽  
Healthcare Organizations ◽  
Economic Management ◽  
Supervisory Boards ◽  
Private Medicine ◽  
The Republic ◽  
The Right

One of the important tasks set by the Head of State in 100 Concrete Steps to Implement Five Institutional Reforms, the Plan of the Nation, is step 81 – Development of Private Medicine, Implementation of Corporate Governancein Medical Organizations. The development of private medicine and the improvement of independence of state healthcare organizations through a gradual transition to the status of state-owned enterprises on the basis of the right of economic management with the introduction of corporate governance set new requirements to senior managers of healthcare organizations, the nature of their tasks and ways to solve them. In order to implement the project of the Ministry of Health of the Republic of Kazakhstan (RK) ‘Development of Management and Corporate Governancein Healthcare Organizations’, the transition of state medical organizations on the basis of economic management has been analyzed. The methodological and advisory support is provided to medical organizations at the regional level. The regulatory framework in the area of management and corporate governance of healthcare is developed and amended. The activities of the supervisory boards of state-owned enterprises (SE) on the basis of the right of economic management (REM) have been analyzed and estimated. The data on the current secretaries of the supervisory boards and independent members of the supervisory board have been collected. The corporate governance in subordinate organizations has been rated. The rating of corporate governance is becoming an indicator of compliance with the best practices, both in state-owned and private organizations around the world. Such estimation makes it possible to analyze not only the mechanisms of work, but also to understand the dynamics of these processes. Using the in-depth approach, this instrument helps determining the potential and considerablyimproving the efficiency of the supervisory boards and the entity, as a whole.

scholarly journals The Benefits of Implementing Supervisory Board in the Healthcare System of Kazakhstan

2020 ◽  
Vol 2 (37) ◽  
pp. 37-42
Author(s):  
Muratbek Saiynov ◽  
◽  
Gulbarshyn Dyussengalieva ◽  
Keyword(s):  
Corporate Governance ◽  
Key Words ◽  
Supervisory Board ◽  
Economic Management ◽  
Medical Organization ◽  
Rating Score ◽  
Supervisory Boards ◽  
The Moment ◽  
The Right ◽  
State Enterprises

Abstract In order to increase the competitiveness and efficiency of medical organizations, is the implementation of the OECD Corporate Governance Principles. At the moment, most of the medical organizations of Kazakhstan are transferred to state enterprises on the basis of economic management with supervisory boards. Key words: medical organization, corporate governance, state-owned enterprises on the right of economic management, supervisory board, rating score, levels of assessment of corporate governance

scholarly journals Company Changing Status and Its Linking to Competitiveness

2015 ◽  
Vol 53 (1) ◽  
pp. 1-17
Author(s):  
Dragana Radenković-Jocić ◽  
Ivan Barun
Keyword(s):  
Mergers And Acquisitions ◽  
Legal Framework ◽  
Decision Makers ◽  
Economic Activities ◽  
Economic Interests ◽  
Eu Legislation ◽  
The Republic ◽  
The Right ◽  
A Company ◽  
The Eu

Abstract The authors present the issues and challenges related to the changes in status of a company and its impact on competitiveness. Status changes of companies, mostly mergers and acquisitions of companies, are one of the ways in which capital owners and management direct economic activities with the aim of maximizing profits. In order to make the right and justified decision, in terms of achieving the economic interests of the company, it is essential to know the laws and regulations in this area. This paper should provide answers on various questions which will be presented to decision makers in every company, considering status changes. Bearing in mind that the question of status changes often associated with an international element, the authors will pay special attention on the EU legislation and current legal framework in the Republic of Serbia.

scholarly journals Gospel and constitutional imperatives: the right to life

2011 ◽  
Vol 45 (1) ◽  
Author(s):  
S.P. Giles
Keyword(s):  
Daily Living ◽  
Ethical Issues ◽  
Legal Framework ◽  
Theoretical Argument ◽  
Right To Life ◽  
Ethical Perspective ◽  
Divine Origin ◽  
Christian Discipleship ◽  
The Republic ◽  
The Right

Gospel and constitutional imperatives: the right to life In the Republic of South Africa, Christians are called to live out gospel imperatives within the legal framework of the Constitution. Ethical issues about the right to life are considered from the perspectives of selected gospel and constitutional imperatives. Gospel imperatives impose themselves as a consequence of Christian discipleship. These are many and diverse, both explicit and implicit. Christian vocation, discipleship, witness and perseverance, are foundational and integral to the praxis of Christian daily living. These facets of Christian life are illustrated by the selected gospel imperatives, “Follow me” (Matt. 4:19 and synoptic parallels), “Love God, and your neighbour as yourself” (Matt. 22:34-40 and synoptic parallels), and “Take up your cross” (Matt. 10:38 and synoptic parallels). The central theoretical argument of this article is driven from a reformed ethical perspective. Gospel imperatives have priority over constitutional imperatives since gospel imperatives are of divine origin and constitutional imperatives of human origin. Acknowledgement of these priorities informs the Christian ethical perspective on the right to life and on abortion.

DOCUMENT MANAGEMENT PROBLEMS IN EU STRUCTURAL FUNDS PROJECTS IN LATVIA

2019 ◽  
pp. 351
Author(s):  
Ilga Vasiļjeva
Keyword(s):  
Legal Framework ◽  
Document Management ◽  
Gradual Transition ◽  
Project Proposal ◽  
Structural Funds ◽  
Management Problems ◽  
Eu Structural Funds ◽  
The Republic ◽  
The Eu

The role of the EU Structural Funds in the national economy of Latvia is significant, yet document management problems in the projects funded by the EU Structural Funds have been little researched. In the period 2007-2019, a gradual transition to electronic project document management occurred in Latvia. The present research performed a comparative analysis of tender documents submitted for ERDF calls for project proposals for the programming periods of 2007–2013 and 2014–2020. The research found that the range of tender documents for ERDF calls for project proposals to be submitted by organisations is strictly regulated in a particular period, yet there are general instructions on how to prepare documents in accordance with the relevant legal framework of the Republic of Latvia. Organisations have to create document management systems to enhance the preparation and management of ERDF project proposal documents.

scholarly journals Classical and modern concepts of corporate governance (Stewardship Theory and Agency Theory)

Management ◽  
2015 ◽  
Vol 19 (2) ◽  
pp. 84-92 ◽  
Author(s):  
Beata Glinkowska ◽  
Bogusław Kaczmarek
Keyword(s):  
Corporate Governance ◽  
Agency Theory ◽  
Supervisory Board ◽  
Stewardship Theory ◽  
Social Meaning ◽  
Modern Approach ◽  
Management Board ◽  
Governance Systems ◽  
Supervisory Boards ◽  
A Company

Summary The main issues in efficiency of a company as an organisation are relations between the Supervisory Board and the Management Board of a company, and the methods of functioning of Supervisory Boards in governance systems of a company. The classical and modern approach to the role, place, and importance of corporate governance presented in this article, is yet another prompt to continue searching for the optimum in the organisational, economical, and social meaning.

scholarly journals The importance of educational interventions for the overcoming of obstacles in the employment of intellectually disabled persons

2021 ◽  
pp. 107-126
Author(s):  
Biljana Milanović-Dobrota ◽  
Aleksandra Đurić-Zdravković ◽  
Mirjana Japundža-Milisavljević ◽  
Sara Vidojković
Keyword(s):  
Educational Interventions ◽  
Legal Framework ◽  
Disabled Persons ◽  
Working Environment ◽  
Intellectually Disabled ◽  
The Disabled ◽  
Private And Public ◽  
Negative Perceptions ◽  
The Republic ◽  
The Right

In spite of the legal framework intended for the promotion and protection of rights of the disabled, such persons are still facing significant difficulties in the labour market. Intellectually disabled persons are in a particularly difficult position, primarily due to the negative perceptions held by citizenry which stem from the lack of knowledge and information about their labour potentials. We conducted research in order to determine the most prevalent obstacles in the employment of intellectually disabled persons, as perceived by employed non-disabled persons. The research comprised a sample of 269 subjects of both sexes, of differing educational levels and employed in the private and public sector in the Republic of Serbia. The analysis of the attained results points to the need for certain kinds of educational interventions, whose programmes would improve the knowledge and awareness of employed persons regarding the right to work of intellectually disabled persons, promote diversity and create an inclusive working environment. The different modes of training, reinterpretation and transformation of previous experience, informing and establishing positive contacts with intellectually disabled persons, conducted by a multidisciplinary team of experts would establish a stable base for the removal of obstacles in the employment process.

scholarly journals Corporate governance of German growth companies. Empirical analysis of the corporate governance quality and the structure of supervisory boards of companies listed on TEC-DAX

2006 ◽  
Vol 3 (3) ◽  
pp. 128-137 ◽  
Author(s):  
Alexander Bassen ◽  
Maik Kleinschmidt ◽  
Christine Zöllner
Keyword(s):  
Corporate Governance ◽  
Empirical Analysis ◽  
Supervisory Board ◽  
High Importance ◽  
Supervisory Boards ◽  
Governance Quality ◽  
Corporate Governance Quality ◽  
High Level ◽  
Agency Risk

This article analyses the importance of corporate governance for growth companies, derives specific requirements for them and evaluates the corporate governance quality for companies listed on TecDax. Growth companies’ characteristics imply a comparatively high importance of corporate governance due to a high level of business and agency risk. Several corporate governance elements are therefore particularly important for growth companies. Overall, the empirical results imply a high conformity of the Tec-Dax companies with the GCGC criteria with some exceptions for specific companies and criteria. But the analysis of the quality of their supervisory boards delivers a differentiated result as in some of the analysed companies the effectiveness of the supervisory board is questionable.

scholarly journals Characteristics of Shari’ah Governance and Incidence of Charity: A case of Pakistan

2020 ◽  
Vol 5 (2) ◽  
pp. 77-91
Author(s):  
Mohammad Ayaz ◽  
◽  
Noman Arshed ◽  
Ikram ul Haq ◽  
◽  
...  
Keyword(s):  
Corporate Governance ◽  
Panel Data ◽  
Quantitative Methods ◽  
Panel Data Analysis ◽  
Supervisory Board ◽  
Financial Statements ◽  
Islamic Banks ◽  
Supervisory Boards ◽  
Unbalanced Panel Data

Characteristics of Shari’ah Governance and Incidence of Charity: A case of Pakistan There are several studies which have evidenced the role of Shari’ah governance on the profitability of Islamic banks for different countries in different data setup. The main purpose of Shari’ah governance is derived from the concept of corporate governance to avoid any non-compliant transactions and book charity against any non- compliant income. There are two kinds of Shari’ah supervisory boards. First is the proactive type that follows the rule of ‘Hisba’ which restricts any non-compliant transaction before it happens. The second type is reactive which detects and reacts to the non-compliant transactions following the Islamic legal system when they happen. The first type would conclude to a reduction in the incidence of charity transactions. In contrast, the second type would conclude to increase in the incidence of charity transaction. The objective of this study is to explore whether the Shari’ah governance of Islamic banks of Pakistan is jointly proactive or reactive. This study is deductive and uses quantitative methods. This study builds an unbalanced panel data of full-fledged Islamic banks of Pakistan using the available data from financial statements. This study is one of its kinds to see the nature of Shari’ah governance based on empirical patterns using Panel FGLS model. The results show that board size, board expertise, and reputation are the reactive factors while the others are proactive factors. Keywords: Shari’ah Supervisory Board, Panel Data Analysis, Shari’ah Disclosure, Shari’ah Controls.

scholarly journals The Fundamental Human Right to Marry and to Family Life and their Protection in the Legal Framework of the Republic of Macedonia

2017 ◽  
Vol 7 (1) ◽  
Author(s):  
M.Sc. Albana Metaj-Stojanova
Keyword(s):  
Family Life ◽  
Nuclear Family ◽  
Legal Framework ◽  
Human Right ◽  
Family Structures ◽  
Degree Of Protection ◽  
Republic Of Macedonia ◽  
The Family ◽  
The Republic ◽  
The Right

The right to family life is a fundamental human right, recognized by a series of international and European acts, which not only define and ensure its protection, but also emphasize the social importance of the family unit and the institution of marriage. The right to family life has evolved rapidly, since it was first introduced as an international human right by the Universal Declaration of Human Rights (UDHR). The family structure and the concept of family life have changed dramatically over the last few decades, influenced by the everchanging social reality of our time and the decline of the institution of marriage. Aside from the traditional European nuclear family composed of two married persons of opposite sex and their marital children, new forms of family structures have arisen. LGTB families are at the centre of the ongoing debate on re-defining marriage and the concept of family life. The aim of this paper is to analyse the degree of protection accorded to family life and to the right to marry, which has long been recognized as one of the vital personal rights essential to the pursuit of happiness by free men by both, international acts ratified by the Republic of Macedonia and the legal system of the country. The methodology applied is qualitative research and use of the analytical, historical and comparative methods. The paper concludes that in general Republic of Macedonia has a solid legal framework, in compliance with the international law, that protects and promotes the right to family life.

scholarly journals The pharmaceutical reform in the Republic of Moldova during the period of independence

2021 ◽  
Vol 7 (4) ◽  
pp. 42-51
Author(s):  
S. B. Adauji ◽  
M. D. Brumarel ◽  
L. V. Spinei ◽  
V. N. Safta
Keyword(s):  
Market Economy ◽  
Capital Market ◽  
Banking System ◽  
Legal Framework ◽  
National Currency ◽  
Democratic Values ◽  
Pharmaceutical Sector ◽  
Economic Management ◽  
Republic Of Moldova ◽  
The Republic

Over the last two decades, the Republic of Moldova has gone through a complex and controversial way of its development. Determining its vector of development based on the democratic values of Western culture the legal framework has been practically completely revised and created. The concept of reforming the pharmaceutical sector in the Republic of Moldova included: liberalization of prices and freedom from the planned system of economic management while creating the necessary mechanisms for the functioning of the market economy – creating the banking system, establishing the capital market, introducing the national currency, creating other institutions, as well as the huge process of creating a new legal framework.

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