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in the keywords:  PROCESS OF THE SUPERVISION AND THE MANAGING OF THE FIRM
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EN
In the article one presented key institution for the owner’s supervision, which is the supervisory board. One discussed its essence, the construction and the way it functions. Relation between the supervisory board and the board of directors was discussed both in the theoretical and practical aspect. In the next part one presented empirical results which were done in Małopolska School of Economics in Tarnów. In the final part of the article one mainly discusses the directions of the improvement of the corporate governance for each sector of state, private and municipal.
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