Guvernanta corporativa in societatile listate si controlate de stat din sistemul energetic romanesc
Corporate Governance in Listed and State-Controlled Companies in the Romanian Energy System

Summary/Abstract: Over the time, corporate governance has become a central pawn in the health and strength of the global economy, representing how organizations are run and controlled. But behind this evolution, there were numerous challenges and scandals that marked the economy. This is also the case of Romania, the country where corporate governance emerged after the 2000s, a delay based on various economic, social, but especially political reforms. Things have improved over the time, adhering to governance codes that reflect sufficient transparency that is useful to investors, but also to other stakeholders. The main objective of this research is to analyze the corporate governance in the companies which are listed and controlled by the state, from the Romanian energy system, with the role of identifying certain points that deserve to be improved in the future, so that the users of information can associate the entity with a high degree of transparency. Secondary objectives consist of analyzing other elements such as internal control, ethics, internal audit and external audit, which ultimately have an impact on corporate governance.

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