In cooperation with the Faculty of Economics in Banja Luka and with the support of the Association of Accountants and Auditors of Republic of Srpska, the “Finrar” magazine organized the 16th International Symposium on Corporate Governance titled “Sustainable Development in Green Transition". The Symposium was held from May 18th to May 20th in Banja Vrućica.

The Symposium is supported by numerous partners, one of the most important ones being the Serbian Association of Economists. In addition to the President of the Serbian Association of Economists, Mr. Aleksandar Vlahović, several distinguished members of the Presidency took an active part in the Symposium as well: Svetlana Kisić, Prof. Dragan Đuričin, Prof. Miroljub Labus and Prof. Dejan Šoškić.

The topic of this year's Symposium was the impact of climate change on global economic development, with a focus on adjusting small economies. Climate change threatens to degrade nature and existentially threaten the planet. In order to overcome these challenges, the European Union has adopted a document entitled "European Green Deal". This document has ambitions to turn the European Union into a modern, resource-efficient, competitive economy, with net-zero greenhouse gas emissions by 2050, ie to transform it into the so-called "green economy". A green economy is defined as a low-carbon economy that uses resources efficiently and in a socially acceptable way, that follows knowledge and practices that can lead to environmentally friendly and environmentally responsible decisions and lifestyles that can help protect the environment and maintain its natural resources for present and future generations.

The aim of this Symposium is to offer answers to numerous already present questions and dilemmas regarding the "green transition", as well as the consequences of the pandemic and the challenges of ongoing geostrategic turbulences.