ELEMENTS OF CORPORATE GOVERNANCE IMPLEMENTATION IN ROMANIA, IN THE EUROPEAN CONTEXT

Abstract

Within the European Union, the economic crisis has hastened the awareness that an economy can grow through a unitary and coordinated action, both in legislation and in terms of recommendations and voluntary taking, all these being integrated in the concept of European economic governance, built according to the model of global governance. In Romania, the distribution of the Code of Corporate Governance is carried out by the Bucharest Stock Exchange, which provides information on the companies that have accepted to implement the code and which also monitors their implementation of the code. Complying with some principles of good corporate governance is in the interest of the economic organizations, enabling them to better manage their business and risks and to achieve the desired goals.

Keywords

• corporate governance
• stock exchange
• board of directors
• audit committees
• accounting standards