Current Challenges of Good Corporate Governance in NGOs: Case of Slovenia

Dejan Jelovac ()
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Dejan Jelovac: Department of Infrastructure and Real Estate Management, European Faculty of Law, New University, 5000 Nova Gorica, Slovenia

World, 2025, vol. 6, issue 1, 1-33

Abstract: Organizations in the Third Sector operating in still non-Western contexts need to have enhanced governance models that match the need to ensure ethical and efficient commercial operations within their mission. The key research question of the present article is how the implementation of good corporate governance (GCG) in Slovenian NGOs will contribute to strengthening their legitimacy, stakeholder trust, and effectiveness in achieving social goals. This article develops a conceptual model that should include all key variables, mediators, moderators, and latent constructs in itself, serving as a theoretical basis for future empirical studies and best practices. The main finding is that GCG should be organized as a single-track administrative body of public institutes in the future. Better single-track GCG regulations, which would presuppose the amendment of legislation, can be created and executed in practice only by working together with the public, regulatory agencies, academic community, NGOs, and prominent intellectuals.

Keywords: good corporate governance; corporate social responsibility in non-profit organizations; paradigm of good corporate governance with inclusion of business morality framework; public institute as most common type of NGO in Slovenia; conceptual model of single-track governance in public institutes (search for similar items in EconPapers)
JEL-codes: G15 G17 G18 L21 L22 L25 L26 Q42 Q43 Q47 Q48 R51 R52 R58 (search for similar items in EconPapers)
Date: 2025
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