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Transparency Serbia reveals widespread issues in management selection and openness of Serbian public companies

Out of 61 public companies in Serbia, only 22 have appointed directors through a competitive selection process. Even more concerning is that in 19 of these 22 cases, the selected directors were the sole applicants for their positions, according to research by the Transparency Serbia organization. The report titled Improving Professional Management in Local Companies highlights that in three companies, candidate withdrawals left the commissions with no choice but to select the last remaining candidate, effectively making the competition a…