Corporate Governance In Romania

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Executive Summary

Result of the theoretical researches on the issues related to possible different interests of shareholders and executive managers, OECD issued in 1999 The Principles of Corporate. In Romania, there were identified some problems, related to: weak institutional framework, necessity of urgent implementation and enforcement of the already existing laws, the lead that private sector should take in developing implementation tools and promoting public debate on corporate governance issues, protection of minority shareholders rights. In the late years, Romanian authorities achieved a process of revising legislation related to companies' governance. This new regulation will benefit to all parts involved, such as major investors, minority shareholders and companies; finally, the whole society will benefit from a cleaner and more performing economic environment.

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