Corporate Governance in Romania, from Enactment to Enforcement

Abstract:

Nowadays, corporate governance represents a key factor in attracting foreign investments and increasing a country’s competitiveness and economical performance. In this article we will refer to the provisions of the EU's specific legal acts, in terms of European governance, and observations on what extent these provisions will be made. Likewise, the principles stated by the Organisation for Economic Co-operation and Development (OECD), which are also found in Romanian legislation are analyzed as well as how exactly they are being implemented. This paper presents some of the findings of a postdoctoral research study on the competitive environment and the strategies of companies from Romania.