CORPORATE GOVERNANCE AND STAKEHOLDERS’ ACCOUNTABILITY

Elena Chițimuș
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Elena Chițimuș: Doctoral School of Economics and Business Administration Faculty of Economics and Business Administration Alexandru Ioan Cuza University Iași

SEA - Practical Application of Science, 2015, issue 7, 135-140

Abstract: Corporate governance is the system through which companies are directed and controlled but until today academic environment, regulators, corporations couldn’t reach a unanimous definition. Corporate governance provisions suffered changes after several largely covered financial scandals. Entities incur costs when complying with new regulations but not complying impacts the reputation and investors might think twice before bringing their money into the company. Accountability for business decisions, risk management, control that set the economic path of the company is mandatory for proving that the company is run in a fairly and smart way. This study aims to investigate how corporate governance relates to accountability of all parties involved in the current business of companies as any conflict of interest is detrimental to the company and affects in a negative way its performance.

Keywords: Corporate Governance; Board of Directors; Ownership; Control (search for similar items in EconPapers)
JEL-codes: F23 G30 (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:cmj:seapas:y:2015:i:7:p:135-140

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