AbstractAs a rule, public companies in the Republic of Slovenia
use a two-tire system of corporate governance. The supervisory board
in such companies can establish a balance among the interests of
managers, shareholders, stakeholders and social groups allowing the
corporation to function effectively in the long-term. At the same time,
the work of the audit committee, together with a clear but complex corporate
governance statement, ensures better supervisory powers and
provides support to shareholders in supervising the company.