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The huge individual investors have been looking for a place in corporate governance strukture, bord of direktors, involving the matter of operational strategie, business feature and corporate rising like holders of corporate powertie. A necessary prerequisite for the proper functioning of corporate governance and capital markets is a stable legal system in the country and development institutions. The transition conditions is necessary to ensure compliance of privatization and regulation of capital markets which, together with effective investor protection in practice, leads to the development of capital markets, cheaper access to capital and the growth and development


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