Corporate Governance in Bosnia and HerzegovinaOver the time, the Corporate Governance has become a necessary part of the bussines world. However, the government of Bosnia and Herzegovina has avoided to introduce the system of corporate governance. This led to the unsuccessful privatization and further to the underestimations and destruction of many companies. For this reason, the existence of corporate governance is of great importance for both private and the remaining large state enterprises. The aim of this work was to present the general importance of corporate governance as well as the specific characteristics related to the Bosnia and Herzegovina. Due to the complexity of the topic the situation of the minority shareholders and corporate reporting has been researched under the consideration of the instutitonal environment in B-H. 78% of listed firms in B-H are controlled by the majority shareholders. Despite the legal framework they are able to compromise the status of the minority shareholders. Further more, the experience of the competent institutions regarding the corporate reporting confirms the low compliance with the transparency requirements by the firms in B-H. The disclosed information is often very useful, but should not always be taken as a reliable decision factor.Recent analysis revealed the existence of the legal framework for corporate governance in B-H. However, it contains numerous gaps, as the enforcement and application of the laws are inadequate. The corporate governance in B-H is still at the very beginning. The initiated reforms must be continued, and the importance of corporate governance should be enlightened. This refers in particular to the transparency that would make the Bosnian-Herzegovinian company more attractive to potential investors. To facilitate the progress in this field, the consistent state policy is fundamental.