Theoretical and Applied Economics
No. 4 / 2013 (581)
Need to implement corporate governance in the Romanian companies
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.
Contents
The global crisis: Challenges to the banking system
Contributions to assessing the relative dimension of agglomeration theories
Hysteresis in unemployment: an empirical research for three member states of the European Union
Economics: the primary lesson to be taught and learned, as update
Need to implement corporate governance in the Romanian companies
Aspects of labor market flexicurity in the Mediterranean and Anglo-Saxon models
Impact of economic models on European Union economies development
Cyclical convergence of Central and Eastern European countries to the Euro area core. New methodological approach
Models for the analysis of the labor market in Romania