In Board We Trust: The Role of Supervisory Board in Public Companies in Bosnia and Herzegovina

The role of supervisory boards in corporate governance has become a focal point of academic and practical scrutiny, especially in the context of public enterprises undergoing a transition in post-socialist countries. Bosnia and Herzegovina, a nation experiencing a protracted and complex transition, presents a unique case for examining how supervisory boards influence the management and operational strategies of public companies. The interplay between corporate governance structures and the broader socio-economic transformation processes provides fertile ground for insights into the effectiveness of governance practices. This article aims to delve into the dynamics of supervisory boards within the public enterprises of Bosnia and Herzegovina, assessing their impact on strategic management and financial performance. The research is motivated by the preposition that robust and active supervisory boards can significantly shape the strategic direction of companies, enhancing their governance and contributing to their success in a competitive and evolving economic landscape. By exploring the composition, roles, and effectiveness of these boards, the study seeks to contribute to the broader discourse on corporate governance in transitional economies, offering implications for policy and practice in similar contexts.