Ensuring stability and long-term development
Despite all challenges, IGH succeeded in maintaining its position as a leading consulting company for engineering services in civil engineering sector in Croatia and the region

Corporate governance

INSTITUT IGH, d.d. is aware of the importance of responsible and ethical behaviour, thus accepts the Corporate Governance Code of the Zagreb Stock Exchange. We continuously monitor reforms in the field of corporate governance, striving for constant improvement of relations with investors and shareholders by introducing high standards in mutual communication. 

Here you can find more information about the Management Board, Supervisory Board, and General Assembly of INSTITUT IGH, d.d., and the implementation of the Corporate Governance Code.

Management Board

The Management Board of INSTITUT IGH, d.d. consists of a president appointed by the Supervisory Board.

The President of the Management Board isappointed for a period determined by the Supervisory Board (up to five years) and may be reappointed. The term of office of the Management Board starts from the day of their appointment. The Management Board manages the Company's business.

Supervisory Board

The Supervisory Board consists of five members, all of whom are elected at the General Assembly by a three-quarters majority of the votes cast, and one member of the Supervisory Board is appointed by the Workers' Council of the Company in accordance with the provisions of the Labor Law.

The members of the Supervisory Board are elected for a term of up to four years. The term of office for each member of the Supervisory Board starts from the day of election. In order to improve corporate governance and transparency in operations, three sub-committees of the Supervisory Board have been established - the Audit Committee, the Remuneration Committee, and the Nomination Committee:
- The Audit Committee is appointed as an advisory body that supports effective corporate governance at INSTITUT IGH, d.d., especially for detailed analysis of financial statements, supporting the Company's accounting, and establishing good and quality internal control in the Company.
- The Remuneration Committee is responsible for proposing the remuneration policy of the Management Board, proposing objective criteria for assessing business performance as the basis for rewarding the Management Board, with rewards aligning with the long-term interests of shareholders and the goals set by the Supervisory Board.
- The Nomination Committee is responsible for overseeing the process of selecting members of the Supervisory Board and appointing members of the Management Board, as well as identifying and recommending suitable candidates to the Supervisory Board.

General Assembly

Shareholders registered in the Central Depository Clearing Company (SKDD) computer system have the right to participate and exercise voting rights at the General Assembly by registering to participate in the General Assembly no later than seven days before its holding.

Shareholders, proxies, and shareholder representatives vote by ballot papers indicating the number of votes assigned to each participant of the General Assembly. In accordance with the Companies Act, the General Assembly decides on the use of profits. The General Assembly decides on the distribution of profits to shareholders according to business results and the financial position of the Company and other relevant factors.

The General Assembly may validly decide if at least 30% (thirty percent) of the total number of shares with voting rights are represented at it. The General Assembly is chaired by the President of the General Assembly, appointed by the Supervisory Board upon the proposal of the Management Board.

To enable quick and easy access to all information, INSTITUT IGH, d.d. has established efficient formal mechanisms that ensure everyone the opportunity to ask questions to the designated contact person in investor relations, management, and the supervisory board. Access and contact are available free of charge.

Contact

financial statements

Since 2008, the shares of Institut IGH d.d. have been listed on the official market of the Zagreb Stock Exchange, and by its transparent and standardised reporting it has been contributing to greater trust and interest of domestic and foreign investors in company shares for more than 10 years.

The annual report includes fundamental financial statements prepared in compliance with the Accounting Act and International Financial Reporting Standards adopted in the European Union. According to the Accounting Act, the fundamental financial statements are the balance sheet, profit and loss account, statement of other comprehensive income, statement of changes in equity, cash flow statement and notes to financial statements. Moreover, the annual report also comprises a non-financial statement in compliance with provisions of Article 24a of the Accounting Act.

financial documents


Annual Report 2022 - Audited, Unconsolidated
HRVENG

Annual Report 2021 - Audited, Unconsolidated
HRVENG
Annual Report 2020 - Audited, Unconsolidated
HRVENG

notices

In compliance with principles of transparent business practice, Institut IGH d.d. publishes information important to company shareholders, clients and the general public on its website.

19.12.2023 INSTITUT IGH signed another contract with HAC d.o.o.pdf

15.12.2023 The Plan of Corporate Activities for the year 2024 - correction.pdf

15.12.2023 Notice on the held Supervisory Board Meeting.pdf

6.12.2023 INSTITUT IGH signed a contract with HAC d.o.o..pdf

1.12.2023 INSTITUT IGH, d.d. - Notice on the held constitutive Supervisory Board Meeting.pdf

1.12.2023 INSTITUT IGH, d.d. - General Assembly conclusions 01.12.2023..pdf

29.11.2023 INSTITUT IGH, d.d. - Notice on the conclusion of the contract on the merger of the company RADELJEVIĆ doo and IGH CONSULTING doo to the company INSTITUT IGH, d.d..pdf

16.11.2023 Opening a branch in Hungary.pdf

14.11.2023 Institut IGH branch office signed a contract with the Republic of Armenia worth 6,076,860.10 USD.pdf

06.11.2023 Opening a branch in Armenia.pdf

27.10.2023 Plan of Corporate Activities for the year 2024.pdf

27.10.2023 Report on fulfilment of the pre-bankruptcy settlement plan for the period of 01.07.2023 - 30.09.2023.pdf

27.10.2023 Notice on the held Supervisory Board Meeting.pdf

18.10.2023 INSTITUT IGH, d.d. ZTD_GS Notification per Article 280.a..docx

18.10.2023 INSTITUT IGH, d.d. General Assemby - Revocation of Power of Attorney.doc

18.10.2023 INSTITUT IGH, d.d. General Assemby - Application Form for Power of Attorney.doc

18.10.2023 INSTITUT IGH, d.d. General Assembly Application Form for Legal Entities & Attorney-in-fact.doc

18.10.2023 INSTITUT IGH, d.d. General Assembly Application Form for Individuals.doc

11.10.2023 Notice on the held Supervisory Board Meeting.pdf

10.10.2023 Notice of the Supervisory Board Meeting.pdf

29.09.2023 Postponement of financial statement.pdf

21.08.2023 Reply to the request for observation dated 10 August 2023.pdf

21.08.2023 Unblocking of business accounts.pdf

16.08.2023 Statement on the blocked account.pdf

31.07.2023 Report on fulfilment of pre-bankruptcy settlement plan for the period of 01.04.2023 until 03.06.2023.pdf

31.07.2023 Notification on the held Supervisory Board Session.pdf

30.06.2023 Postponement of publication of financial statements, Postponement of the General Assembly of the Company.pdf

13.06.2023 INSTITUT IGH, JSC signed another contract with HAC d.o.o..pdf

13.06.2023 INSTITUT IGH, JSC signed a contract with HAC d.o.o..pdf

08.05.2023 Response to ZSE inquiry.pdf

03.05.2023 Statement on account blocking.pdf

02.05.2023 Information on own shares.pdf

28.04.2023 Report on fulfilment of pre-bankruptcy settlement plan for the period of 01.01.2023 until 31.03.2023.pdf

28.04.2023 Code of Corporate Governance Questionnaire for 2022.xlsx

28.02.2023 Notification on the held Supervisory Board Session.pdf

10.02.2023. Paid wages to workers for December 2022.pdf

09.02.2023. Supervisory Board of Institut IGH, JSC gave its consent for the conclusion of the PIK debt restructuring Agreement with AVENUE ENGINEERING AND CONSTRUCTION LIMITED.pdf

09.02.2023. INSTITUT IGH, JSC & AVENUE MEHANIZACIJA d.o.o. – Debt release protocol.pdf

07.02.2023 Acting in accordance with the Act on the Protection of Worker's Claims.pdf

06.02.2023.INSTITUT IGH, JSC and B2 Kapital d.o.o. – Debt forgiveness protocol.pdf

01.02.2023. Report on fulfilment of the pre-bankruptcy settlement plan for the period of 1.09.2022 until 31.12.2022.pdf

13.01.2023 INSTITUT IGH, JSC signed a contract with KBC Zagreb.pdf

Notification on the held session of the Institut IGH d.d. Supervisory Board 28.10.2022.

The Corporate Action Plan For The Year 2023

INSTITUT IGH, JSC SIGNED A NEW CONTRACT IN NORTH MACEDONIA WORTH APPROX 22.6 MILLION EUR

REPORT ON FULFILMENT OF THE PRE BANKRUPTCY SETTLEMENT PLAN FOR THE PERIOD FROM 1ST JANUARY 2022 TO 30TH JUNE 2022

Announcement that session of the supervisory board was held 28.07.2022.

Announcement of the INSTITUT IGH d.d. Supervisory Board Session 28.07.2022

Information on own shares 29 April

Postponement of the publication of financial statements, Postponement of General Assembly session, Publication of the Corporate Governance Code for 2021

Code of Corporate Governance Questionnaire for 2021

Notice on the initiation of a volatility auction over IGH shares

Notification on the held Supervisory Board Session and postponement of the publication of financial statements 28.04.2022.

REPORT ON FULFILMENT OF THE PRE BANKRUPTCY SETTLEMENT PLAN FOR THE PERIOD FROM OQ JANUARY 2022 O 31 MARCH 2022

Institut IGH, JSC closes its Russian subsidiary

Restructuring of INSTITUT IGH d.d. Senior debt from the 2013 pre bankruptcy settlement agreement

Answer to the quierries

Notification on the held Session of the Institut IGH d.d. Supervisory Board 28/2/22

REPORT ON FULFILMENT OF THE PRE BANKRUPTCY SETTLEMENT PLAN FOR THE PERIOD FROM 1ST OCTOBER 2021 TO 31ST DECEMBER 2021

INSTITUT IGH d.d. BRANCH IN THE REPUBLIC OF GEORGIA SIGNED A CONTRACT WORTH HRK 3.652.008,00

INSTITUT IGH d.d. SIGNED TWO CONTRACTS, VALUED HRK 34.8 MILLION

Institut IGH d.d. signed a contract with Hrvatske ceste d.o.o. for the supervision of the construction of the Okučani - BiH border expressway with a total value of HRK 7.2 million

INSTITUT IGH d.d. AND PARTNERS SIGNED A 5.9 MILLION HRK CONTRACT WITH PORT AUTHORITY VUKOVAR

JOINT VENTURE HEADED BY THE INSTITUT IGH d.d. SIGNED FOUR CONTRACTS WITH HEP Proizvodnja d.o.o. APPROXIMATE VALUE OF 8 MILLION HRK

ASSEMBLY OF THE BONDHOLDERS OF BONDS, MARK IGH O 176A

Notification on the held session of the Institut IGH d.d. Supervisory Board 29.10.2021.

REPORT ON FULFILMENT OF THE PRE BANKRUPTCY SETTLEMENT PLAN FOR THE PERIOD FROM 1ST JULY 2021 TO 30TH SEPTEMBER 2021

The corporate action plan for the year 2022

Periodic Review - response to the periodic review of the Issuer

Consortium of INŽENJERSKI PROJEKTNI ZAVOD d.d. and INSTITUT IGH, JSC signed a contract with Hrvatske Autoceste d.o.o. (HAC) worth just over HRK 10.5 milion

INSTITUT IGH d.d. and BINA-ISTRA d.d. signed a contract worth just over HRK 3.9 milion

REPORT ON FULFILMENT OF THE PRE BANKRUPTCY SETTLEMENT PLAN FOR THE PERIOD FROM 1ST APRIL 2021 TO 30TH JUNE 2021

Notification on the held session of the Institut IGH d.d. Supervisory board 30.07.2021.

Assembly conclusion 30.07.2021.

Assembly conclusion 12.07.2021.

Code of corporate governance questionnaire for 2020

Notification on the change of the representative of the employees in the INSTITUT IGH d.d.

Announcement on the INSTITUT IGH d.d. Supervisory Board session

INSTITUT IGH d.d. and INA - INDUSTRIJA NAFTE d.d. Zagreb, signed a new contract

Information on own shares

REPORT ON FULFILMENT OF THE PRE BANKRUPTCY SETTLEMENT PLAN FOR THE PERIOD FROM 1ST JANUARY 2021 TO 31ST MARCH 2021

Notification on the held session of the Institut IGH d.d. Supervisory Board 30.04.2021.

Postponement of the publication of financial statements 28.04.2021.

INSTITUT IGH d.d. and B2 KAPITAL d.o.o. have signed agreements on settlement of PIK debt and restructuring of Senior debt

Announcement on the held Supervisory Board session 26.02.2021.

Decision on the appointment of the Chairman of the Supervisory Board

Notification of the disposal of own shares

Report on fulfilment of the pre-bankruptcy settlement plan for the period from 01.10. - 31.12.2020.

Decisions adopted by the General Assembly 28.01.2021.

31.10.2018. Institut IGH d.d. REPORT ON FULFILMENT OF THE PRE BAKRUPTCY SETTLEMENT PLAN Q3 2018

26.10.2018. Institut IGH d.d. Notification On The Held Session Of The Institut IGH d.d. Supervisory

23.10.2018. Institut IGH d.d. Notice On The Institut IGH d.d. Supervisory Board Session 26.10.2018.

27.09.2018. Institut IGH d.d. Notice On Payment Of The Instalment Of Pre Bankruptcy Settlement Debt

17.09.2018. Institut IGH d.d. Notification Of Major Holdings

17.09.2018. Institut IGH d.d. Notification On Transaction By Person Discharging Managerial Responsibilities

17.09.2018. Institut IGH d.d. Notification Of Major Holdings

27.07.2018. Institut IGH d.d. Report On Fulfilment Of The Pre Bankruptcy Settlement Plan

09.07.2018. Institut IGH d.d. General Assembly Decision

13.06.2018. Institut IGH d.d. Notification On Transaction By Person Discharging Managerial Responsibilities

13.06.2018. Institut IGH d.d.Notification On Transaction By Person Discharging Managerial Responsibilities

29.05.2018. Institut IGH d.d. Invitation To The General Assembly

27.04.2018. Institut IGH d.d. Report On Fulfilment Of The Pre Bankruptcy Settlement Plan

27.04.2018. Institut IGH d.d. Notice On Held Session Of Supervisory Board Of Institut IGH d.d.

27.04.2018. Institut IGH d.d. General Assembly Decisions

24.04.2018. Institut IGH d.d. Notice On The Supervisory Board Session

24.04.2018. Institut IGH d.d. Notice On Signing Of Contract

15.03.2018. Institut IGH d.d. Invitation To The General Assembly

26.02.2018. Institut IGH d.d. Announcement Of The Company

15.02.2018. Institut IGH d.d. Report On Fulfilment Of The Pre Bankruptcy Settlement Plan

23.01.2018. Institut IGH d.d. Transfer Of Shared In The Company Novi Črnomerec Centar d.o.o.

23.01.2018. Institut IGH d.d. Schedule Of The Supervisory Board And General Assembly Sessions

23.01.2018. Institut IGH d.d. Schedule Of Publication Of Financial Statements For The Year 2018

23.01.2018. Institut IGH d.d. Notification On Transaction By Person Discharging Managerial Responsibilities

23.01.2018. Institut IGH Disposal Of Own Shares

23.01.2018. Institut IGH d.d. Announcement On Te Changes In The Company Management

21.12.2016. Institut IGH d.d. Notice

21.12.2016. Institut IGH d.d. General Assembly Decisions

14.12.2016. Institut IGH d.d. Notice On Award Of Contract

12.12.2016. Institut IGH d.d. Announcement About Award Of Contract

15.11.2016. Institut IGH d.d. Amendment Of The Invitation To The General Assembly

14.11.2016. Institut IGH d.d. Invitation To The General Assembly

28.10.2016. Institut IGH d.d. Report On Fulfilment Of Pre Bankruptcy Settlement Plan 3Q2016

28.10.2016. Institut IGH d.d. DECISION OF THE MANAGEMENT BOARD AND SUPERVISORY BOARD SESSION

26.10.2016. Institut IGH d.d. Announcement Of Management Board And Supervisory Board Session

29.07.2016. Institut IGH d.d. Report On Fulfilment Of Pre Bankruptcy Settlement Plan 2Q 2016

20.07.2016. Institut IGH d.d. Announcement

08.07.2016. Institut IGH d.d. General Assembly Decisions

02.05.2016. Institut IGH d.d. Report On Fulfilment Of Pre Bankruptcy Settlement Plan

02.05.2016. Institut IGH d.d. Invitation To The General Assembly

02.05.2016. Institut IGH d.d. Decisions of the management board and supervisory board

28.04.2016. Institut IGH d.d. Announcement of the management board and supervisory board session

29.02.2016. Institut IGH d.d. REPORT ON FULFILMENT OF THE PRE BANKRUPTCY SETTLEMENT PLAN

29.02.2016. Institut IGH d.d. NOTIFICATION OF HOME MEMBER STATE

26.02.2016. Institut IGH d.d. DESISIONS OF SUPERVISORY BOARD

25.02.2016. Institut IGH d.d. MANAGEMENT BOARD DECISION

22.02.2016. Institut IGH d.d. Announcement of the management board and supervisory board session

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