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Need to implement corporate governance in the Romanian companies

Author

Listed:
  • Sorin COSNEANU

    (Romanian Academy, National Institute of Economic Research, Bucharest)

  • Corneliu RUSSU

    (Romanian Academy, Centre for Industrial Economics and Services, Bucharest)

  • Vergina CHIRIŢESCU

    (Romanian Academy, National Institute of Economic Research, Bucharest)

  • Leonardo BADEA

    (University Valahia of Târgoviște)

Abstract

Under the background of the current economic realities, characterized by uncertainty and mistrust, of increased complexity of the environment in which they operate, the Romanian companies must demonstrate good organization, flexibility, skills, good risk management and be trustworthy economic and social partners. The answer to many of these challenges is provided by a modern management system, which makes proof of more convincing development possibilities, namely corporate governance. This article is an attempt to summarize the major theoretical and practical issues related to corporate governance models, as well as a vision of the need to apply this management system in the Romanian companies. At the same time, the paper will briefly present the current state of corporate governance system implementation in the Romanian companies.

Suggested Citation

  • Sorin COSNEANU & Corneliu RUSSU & Vergina CHIRIŢESCU & Leonardo BADEA, 2013. "Need to implement corporate governance in the Romanian companies," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(4(581)), pages 63-72, April.
    • Handle: RePEc:agr:journl:v:xx:y:2013:i:4(581):p:63-72
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    Citations

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    Cited by:

    1. Anca-Simona HROMEI, 2019. "Corporate Governance Systems And Convergence Tendencies," SEA - Practical Application of Science, Romanian Foundation for Business Intelligence, Editorial Department, issue 21, pages 167-174, December.
    2. Laura PANOIU, 2019. "Benefits And Limits Of The Management Control System In Romania," Contemporary Economy Journal, Constantin Brancoveanu University, vol. 4(3), pages 74-80.

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