THE QUALITY OF CORPORATE GOVERNANCE IN ROMANIA

Alina Hagiu and Marinela Bãrbulescu ()
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Marinela Bãrbulescu: University of Pitesti, Romania

Scientific Bulletin - Economic Sciences, 2022, vol. 21, issue 3, 97-106

Abstract: Corporate governance in Romania is primarily regulated by the Financial Supervisory Authority (ASF) and the National Securities Commission (CNVM). The legal framework includes the Corporate Governance Code, which provides guidelines for listed companies. Romania has made efforts to align its corporate governance practices with international standards, emphasizing transparency, accountability, and shareholder rights. In this paper we aim to realize an analysis of the corporate governance in Romania in the present context. We will present a short literature review, the overview of the main corporate governance models, the characteristics of corporate governance environment in Romania and the challenges faced by Romanian companies in this field in order to determinate the quality of the corporate governance in Romania.

Keywords: corporate governance; quality; business environment; performance (search for similar items in EconPapers)
JEL-codes: G30 G34 G38 (search for similar items in EconPapers)
Date: 2022
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