THE ROLE OF THE ACCOUNTANT PROFESSIONAL IN THE CONTEXT OF THE CORPORATE GOVERNANCE AND THE EXTERNALISATION OF THE ACCOUNTING FUNCTION

Boghean Florin, Hlaciuc Elena and Boghean Carmen
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Boghean Florin: "Stefan cel Mare" University, Suceava, Faculty of Economic Sciences and Public Administration
Hlaciuc Elena: "Stefan cel Mare" University, Suceava, Faculty of Economic Sciences and Public Administration
Boghean Carmen: "Stefan cel Mare" University, Suceava, Faculty of Economic Sciences and Public Administration

Annals of Faculty of Economics, 2010, vol. 1, issue 2, 832-838

Abstract: According to the Organization for Economic Cooperation and Development - OECD, corporate governance is the system by means of which companies are managed and controlled. In 1999, were published the OECD Principles of Corporate Governance, these being currently recognized as one of the 12 pillars of international financial stability. The OECD principles served as a reference point for compiling a collection of national corporate governance codes. They focus mainly on the companies listed on regulated markets, although they also cover issues related to companies that have a big number of shareholders but are not listed. These principles refer to: the rights of shareholders and their protection, the equitable treatment of all shareholders, including the minority and foreign shareholders, the role and rights of stakeholders, the transparency of information and its prompt dissemination, the responsibilities of the Board of Directors and of the executive management.

Keywords: : corporate governance; the accounting financial information; users of financial accounting information (search for similar items in EconPapers)
JEL-codes: M48 (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (1)

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