Achieving the targets and indicators outlined in Sustainable Development Goal 4 (SDG 4) presents significant global challenges, particularly in countries like Serbia, where diverse socio-economic contexts and policy planning shape educational outcomes. SDG4 focuses on providing inclusive and fair access to quality education for everyone and encourages lifelong learning opportunities for people of all ages. It comprises ten specific targets. This paper focuses on the complexities and challenges associated with measuring five of these targets, which were not analyzed in Serbia’s official report on SDGs. By using Serbia as a case study, the paper systematically examines national policies, educational data, and assessment frameworks, identifying persistent barriers that impede progress toward the SDG4 objectives. A comparative analysis was conducted to better understand Serbia’s progress in achieving these targets. This analysis compares Serbia’s performance with that of neighboring countries in the region as well as with more developed nations. Methodological limitations in data collection and monitoring further complicate efforts to accurately assess SDG 4 indicators. Through specific examples of non-measurable indicators, the paper illustrates these challenges and explores potential strategies for improving measurement accuracy and policy effectiveness. By evaluating Serbia’s experience, this study offers insights that are valuable for finding ways to start measuring targets that currently lack data, considering the close deadline for achieving the goals.

Dividend policy is an integral part of the company’s financing decisions. The dividend policy represents the company’s position on determining the amount and method of paying out dividends to shareholders, as well as defining the degree of dividend stability. The essence of the dividend policy of a corporate company refers to the distribution of net profit to dividends and accumulated profit. Shareholders expect to be paid out a dividend, that is, a part of the annual profit of the joint-stock company, which they receive in proportion to their participation in the capital. Shareholders have the right to a dividend, unless the decision of a shareholders assembly, in accordance with the law and other regulations, determines that the profit will remain undistributed and be transferred to the next period, in which case the undistributed profit is recorded according to the accounting regulations. Companies adopt the dividend policy that currently best suits their life cycle stage. Dividend policies differ from country to country, from the tax system, company control, etc. The number of companies that regularly pay out dividends on the financial market of Bosnia and Herzegovina is small, in proportion to the number of joint-stock companies. The company that has been paying out dividends since 2003, year after year, is the joint-stock company Mtel a.d. Banja Luka. It is evident that the management of the company, through a strategically guided business policy, makes quality decisions and provides shareholders security for two decades, through the one hundred percent payout of dividends.