Corporate Governance Codes in Romania and European Union Countries
Corporate Governance Codes in Romania and European Union Countries

Summary/Abstract: In recent years, European conglomerate-type companies have used to define their operating strategies according to the principles established by means of corporate governance programs. In Romania, the corporate governance programs are best illustrated by listed companies which are coordinated by such rules. Mostly, these rules involve company’s objectives, the relationship with shareholders and investors, the reports made by them, the structure of the board, the role of companies’ presidents and even managers’ remunerations. The specific rules of corporate governance programs follow the OECD general principles stated in 1999 as well as the package of European Union Directives. This article provides an assessment of the corporate governance policy framework and enforcement and compliance practices in Romania and comparisons between Romania and other UE member states.

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