Corporate Governance Models

Petre Brezeanu () and Andrei Stanculescu

Annals of the University of Petrosani, Economics, 2008, vol. 8, issue 1, 15-18

Abstract: In essence, the concept of corporate governance refers to the coordination of interests of the various stakeholders of the company: shareholders, managers, employees, creditors, customers, suppliers, state, etc. In every company’s environment there is a set of specific relationships between the physical or legal persons who have an interest (“stake”) in the business. In pursuit of entrepreneurial activity, the management or the governance of the company must take into account the inherent conflicts produced by the coexistence of multiple interests in the corporation. This paper focuses on the corporate governance concept and on three principal models for the corporate governance system

Keywords: stakeholder; shareholder; corporate governance; manager; agency theory (search for similar items in EconPapers)
Date: 2008
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