Modern Business Environment - Challenge of the Quality of Modern Corporate Governance

The last decades have brought about significant changes in the global environment, and therefore new requirements were set out in terms of corporate governance. Globalization, liberalization of the economic environment, technical-technological revolution, shortened product life cycle, flexible organizational structures, global recession and emergence of various forms of crises are just some of the main elements that characterize the modern, dynamic business environment. Considering the causal consequence of the relationship between the environment and the company, the subject of this paper is the elements and characteristics of the modern business environment. The aim of the paper is to examine the impact that the modern environment has on the functioning of modern enterprises. Namely, then the degree of complexity and stability of business environment depends on the degree of complexity of the business decision-making, which, if it has quality, will be in the function of quality corporate governance. In this regard, the overcoming of demands and obstacles that a modern, highly turbulent business environment imposes on a modern company will certainly be its challenge of survival, development, or even securing a leading position in relation to its competitors.