Generolo Jono Žemaičio Lietuvos karo akademija

The analysis of integrated corporate reporting relevance, the usefulness of disclosing financial and non-financial indicators, that are essential in the reporting to assess business performance and create a value chain, is the subject of study. The authors found that the leading indicators of economic activity of interest to external and internal users of the reporting information are related to the investment attractiveness of the company, its sustainable development, efficiency, and profitability. Therefore, to analyze value creation efficiency, it is necessary to expand the range of assessment with the following cost factors: organization, customers, society, natural environment, innovation, risks, and corporate management. should be classified into the following groups related to the company’s performance: income-generating (possibility of growth, competitiveness, cost of capital, risks) and expense-generating (labor costs, transaction losses, cost of capital, risk management). In this paper, the authors suggest a model for an objective assessment of the company’s ability to create added value, given the management segments (economic, environmental, social) and various forms of capital, which allows determining the company’s business advantages, directions for maximizing opportunities and minimizing risks for each capital used and reducing the information gap between financial and non-financial information, as well as improving business transparency.

Given the global nature of cyber threats, assurance of a cyber security policy is very important not only at the local organisation level, but also at national and international level. Currently, cyber security as such is not suitably regulated internationally; therefore, the role of national cyber security strategies has become particularly significant. Lithuania is among the leaders in the EU and globally in the development of the optical fibre network. FTTP coverage has already reached 95%, the highest in the EU. Regardless of that, the cyber security programme effective in Lithuania does not provide conditions to ensure an appropriate level of cyber security and may not be regarded as a high-level contemporary strategic document in the area of cyber security. This article presents a study the main outcome of which are guidelines for a contemporary model of the Lithuanian national cyber security strategy. Based on comparative and historical studies as well as expert interviews conducted by authors and on the best practice of other countries, the article presents the elements of a model of the Lithuanian national cyber security strategy as well as guidelines on the content of these elements of the model. The article also reveals which elements of the model of the national cyber security strategy should most of all reflect the national situation and which elements may be unified and possibly also adapted in the cyber security strategies of other countries.

Sustainable development and efficiency of public sector remain priority of governments. Hence, governments are concerned with assessment, plan and measure of functions performed by public institutions. However, various problems related to the methodology of functional review are indicated. The paper aims to develop the model appropriate for the planning and execution of functional reviews in public institutions. The research is based on the method of systemic analysis what let us carry out comparative analysis and synthesis of prevailing models developed by different scholars and practitioners. Suggested model contributes to sustainable development of public institutions by providing consistent guidelines relevant for various stakeholders.