COMPETENCE – THE SPHERE OF ACTIVITY OF THE JOINT-STOCK COMPANY ASSEMBLY

Abstract

Looking at different kinds and structures of the Corporation parts (assembly, main board, executive board, director of the corporation, supervision board, internal reviser, reviser board), one can clearly see that the highest place in the hierarchy belongs to the assembly. The assembly is the representative of the owner, so it plays the most important role in the Corporation and makes the most important decisions. There are three kinds of assemblies in the Corporation: constitutional, regular yearly and extra scheduled. Each one makes the most important decisions considering the work, policy and survival of the Corporation and each one has certain modalities. Certainly, the widest and biggest authority has the regular yearly assembly, somewhat less authority has the constitutional one, and the extra scheduled assembly is in a way specialised for making urgent decisions. Considering the contemporary European trends and tendencies, the assembly of the Corporation has managed to keep its place and position in the hierarchy of the Corporation parts, in spite of all the pressure and pretensions.