Quality of corporate governance: the case of kosovo energy corporation (KEK J.S.C.)

Abstract

This research is based on analysis and evaluation of the quality of corporate governance in public enterprises in 
Kosovo, with particular emphasis on the case in Kosovo Energy Corporation (KEK JSC) and compared with 
international standards such as the principles of the OECD (2005) and EU standards. 
The objective of the research is to determine the basic characteristics of corporate governance in KEK JSC and 
provide an empirical basis for improving corporate governance code and positive developments. Also another 
goal of this paper is to increase the confidence in corporate reporting and good corporate governance by 
improving information to relevant stakeholders on the achievements and the quality of corporate governance in 
KEK and central public enterprises (PE), and make recommendations to the various policies of the government, 
and other interested parties for further advancement of the situation in this field. 
Basic hypothesis is that the quality of corporate governance in the KEK is poor, with a significant increase due to 
positive developments in the capital markets and institutional development. 
In this research will include KEK JSC, and comparative analysis with other central enterprises, the shares of 
which are owned 100% of the Kosovo government. Under corporate governance means management and 
means the system of management and supervision of joint stock companies. 
It includes a set of relationships between leadership and management of joint stock companies, its board of 
directors, shareholders, and other interest groups that affect joint stock companies. 
Methodology: This research will be well prepared with modern methodologies as: Research methods, survey 
questionnaire, a complete checklist for analyzing websites, descriptive statistics, qualitative and quantitative 
analysis of data.       
The area of research includes: basic information on public companies (KEK), the board of management, control 
environment, publication and disclosure, shareholder rights protection, companies' websites.  The central part of 
the study is devoted to the analysis of the results of the survey conducted among members of the leadership and 
members of the board of directors of public enterprises especially KEK JSC. 
Here are handled stakeholders and relations in the corporate governance system, including the board of 
directors, shareholders, the rights of other interest groups, transparency and control. 
At the end the conclusions and recommendations are provided. Based on these results, it can identify a number 
of key challenges facing corporate governance developments in Kosovo, 
in which  corporate governance code and additional instruments should have influence in future. These are: the 
definition and promotion of best practices, protecting the interests of shareholders,

Stronger role of boards of directors, greater transparency of remuneration for members of the management and 
their benefits are linked to business results, strengthen internal control systems and to encourage appropriate 
organizational culture.