THE ADVANTAGES OF APPLYING THE PRINCIPLES OF CORPORATE GOVERNANCE TO PUBLIC ORGANIZATIONS IN THE WATER RESOURCES DOMAIN

Aurel Dincă
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Aurel Dincă: University of Craiova Faculty of Economics and Business Administration

Annals of University of Craiova - Economic Sciences Series, 2019, vol. 1, issue 47, 49-54

Abstract: Corporate governance is a multi-level approach in the system of relations between interest groups (employees, managers, shareholders, regulators, the general public, the media) and corporate governance includes the relationships that are established between the Board of Directors and the interested parts, internal or external. Corporate governance refers to how the rights and responsibilities between the categories of participants the work of the organization are divided, while also specifying how decisions are made about the company's activity, how to define the strategic objectives, how to reach them and how to monitor financial performance. Currently, all organizations and most countries are concerned about the implementation of corporate governance principles.

Keywords: corporate governance; public organization; principles (search for similar items in EconPapers)
JEL-codes: M14 M42 (search for similar items in EconPapers)
Date: 2019
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