DEVELOPING A GOOD CORPORATE GOVERNANCE

Bocean Claudiu
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Bocean Claudiu: University of Craiova Faculty of Economics and Business Administration Craiova, Romania

Revista Tinerilor Economisti (The Young Economists Journal), 2007, vol. 1, issue 7, 65-70

Abstract: Good corporate governance is an important step in building market confidence and encouraging more stable, long-term international investment flows. The business corporation is an increasingly important engine for wealth creation worldwide, and how companies are run will influence welfare in society as a whole. In order to serve this wealth creating function, companies must operate within a framework that keeps them focused on their objectives and accountable for their actions. Many countries see better corporate governance practices as a way to improve economic dynamism and thus enhance overall economic performance.

Keywords: corporate governance; ownership; shareholders; top management (search for similar items in EconPapers)
JEL-codes: G30 O16 (search for similar items in EconPapers)
Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:aio:rteyej:v:1:y:2007:i:7:p:65-70

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