Aspects on the implementation of corporate governance policies by companies in Romania

In an era of globalization, characterized by a continuous increase of competitiveness and accentuation mobility of financial flows, corporate governance has become a concept that has attracted a strong public interest, due to its obvious importance to the overall health of companies, and of society as a whole.In this paper aims at developing a methodology for assessing the quality of corporate governance specific companies in Romania and the overall framework provided by the Corporate Governance Code (CGC) issued by the Bucharest Stock Exchange, with the benchmark general methodology adopted by international rating agencies, exactly Standard and Poor's methodology (which substantiates corporate governance scores). In this respect, they consider the following elements: preparation and reporting the "Comply or Explain" Statement, developing corporate governance score and corporate social responsibility.The study method is non-participating observation, which involved the registration of the reported information in the "Comply or Explain" Statement by the companies listed on the Bucharest Stock Exchange in order to ascertain if they are applied elements of corporate governance and transparency ones.