THE IMPORTANCE OF CORPORATE GOVERNANCE IN THE BANKING SYSTEM

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

Scientific Bulletin - Economic Sciences, 2023, vol. 22, issue 1, 49-56

Abstract: Corporate governance plays an essential role in the stability and efficiency of the banking sector, ensuring transparency, risk management and protection of stakeholders' interests. This article analyzes the importance of corporate governance in banks, with a focus on international regulations and particularities in Romania and Europe. It highlights the benefits of effective governance, such as increased financial stability and improved economic performance, but also the risks of weak governance, such as loss of trust and vulnerability of banking institutions. It also outlines mechanisms for improving governance, including transparency, internal control and ESG integration.

Keywords: corporate governance; banking sector; transparency; financial risk; banking regulation; sustainability (search for similar items in EconPapers)
JEL-codes: G32 G34 (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:pts:journl:y:2023:i:1:p:49-56

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