Critical Perspectives of Organisational Behaviour towards Stakeholders through the Application of Corporate Governance Principles

Florin-Alexandru Luca, Claudiu-Gabriel Tiganas, Claudia-Elena Grigoras-Ichim, Dumitru Filipeanu () and Lucia Morosan-Danila
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Florin-Alexandru Luca: Faculty of Constructions and Installations, Gheorghe Asachi Technical University of Iasi, 700050 Iasi, Romania
Claudiu-Gabriel Tiganas: Faculty of Economics and Business Administration, Alexandru Ioan Cuza University of Iasi, 700506 Iasi, Romania
Claudia-Elena Grigoras-Ichim: Faculty of Economics, Administration and Business, Stefan cel Mare University of Suceava, 720229 Suceava, Romania
Dumitru Filipeanu: Faculty of Constructions and Installations, Gheorghe Asachi Technical University of Iasi, 700050 Iasi, Romania

Administrative Sciences, 2024, vol. 14, issue 5, 1-20

Abstract: Corporate governance is gaining interest not only from investors but companies that want to operate in international markets, prompting a more thorough analysis of the field to prioritise stakeholder interests alongside shareholder value. By adopting a holistic approach that considers stakeholders’ diverse needs and expectations, companies can build resilience, foster trust, and create sustainable value for all stakeholders, ensuring long-term success and societal impact. This paper analyses corporate governance principles applied at the international, European, and national levels, emphasising the importance of the field for the stakeholders. The practical approach of the paper analyses the application and compliance of the corporate governance code of 18 companies in the field of financial intermediation and insurance, which are listed on the Bucharest Stock Exchange, underlining the crucial role of transparency of operations in instilling confidence and reassurance in stakeholders. The conclusions present proposals for measures to improve corporate governance practices at the level of companies.

Keywords: corporate governance code; stock exchange; financial institutions; organisational behaviour (search for similar items in EconPapers)
JEL-codes: L M M0 M1 M10 M11 M12 M14 M15 M16 (search for similar items in EconPapers)
Date: 2024
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