Purpose – This paper aims to analyze how the level of adherence to sustainable development principles has evolved and also how the integration of new “good” governing rules has evolved in conjunction with the formation and functioning of the boards of directors and their committees....

Transition economies have inherited of a lot of outdated or blackwarded facilities in many industries from the socialist period. Restructuring such enterprises or industries need massive inputs of investment and technology. Privatisation and foreign direct investment provide answers to this...