CONSIDERATIONS ON THE RELATIONSHIP BUSINESS ETHICS CORPORATE GOVERNANCE IN THE KNOWLEDGE-BASED ECONOMY

Ion STEGÃROIU, Manoela Popescu and Luminiþa Cecilia Crenicean

Proceedings of the INTERNATIONAL MANAGEMENT CONFERENCE, 2013, vol. 7, issue 1, 224-230

Abstract: Known is that legal entities in the knowledge economy presents a great complexity, bringing together a multitude of direct and indirect interests of the parties involved, as they have not only an important economic role, but also social, which brings to the fore avoiding or resolving potential conflicts by developing effective relationships with all those concerned. In this sense, in the context of the knowledge economy, it discusses more about the need to implement an effective solution for developing legal entities in the form of corporate governance. Studies show that corporate governance system ensures that there is a strong correlation between labor, management, ethics and responsibility in conjunction with national cultural values. The purpose of the rules, procedures, tools, policies, which corporate governance codes promote, is to increase the value of the entity and meet the interests of all parties. At the same time business ethics assumes that in the management strategies are used values, norms and principles of conduct, rules and practices that are beneficial to all those concerned: customers, partners, shareholders, community, environment and society. In other words, both concepts aimed at the same purpose, which shows that there is at least some degree of correlation between their forms of expression.

Date: 2013
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