Issue 2020, v7, s2, 4


The Journal of Corporate Governance, Insurance, and Risk Management (JCGIRM) 2020, Volume 7, Series 2

The compliance of the Romanian listed companies with the principles and provisions of the Corporate Governance Code** 

Article Type: Research Paper

Oana Bogdana* and Alin Dumitrescu
West University of Timișoara, Faculty of Economics and Business Administration, Timișoara, Romania

Starting from the research assumption that the Corporate Governance Code issued by Bucharest Stock Exchange (BSE) aims at building an internationally attractive capital market in Romania, based on best practices, transparency and trust that encourages companies to build a strong relationship with their shareholders and other stakeholders, communicate effectively and transparently and show openness towards all potential investors, in this paper we would like to present the degree of compliance of the companies listed on the Bucharest Stock Exchange with the principles and provisions of the Corporate Governance Code. The aim of this paper is achieved by presenting and commenting on the principles issued by the BSE regarding the corporate governance and by analysing the Corporate Governance Reports of the companies, presenting at the same time the compliance of the listed companies with these principles and provisions, by using the data issued in 2018 by the entities included in our study, namely the listed companies on the main market of the Bucharest Stock Exchange. Our analysis reflects that, although the provisions and principles of the Corporate Governance Code are not mandatory for the listed companies, they are largely implemented in the activity of companies because an efficient corporate governance system can represent a competitive advantage for any economic entity in the context of globalisation. 

Keywords:  Comply, Corporate, Disclosure, Principles, Governance, Romanian

 *Corresponding author: oana.bogdan@e-uvt.ro

DOI: https://doi.org/10.51410/jcgirm.7.2.4  

Article history:    Received  14 01 2020   Revised   1 02 2020 Accepted 22 03 2020

**This article was presented at the 8th International OFEL Conference on Governance, Management and Entrepreneurship. From Corporations to Social Entrepreneurs: Exploring the Different Faces of Social Innovation (April 17th – 18th, 2020, Dubrovnik, Croatia, Governance Research and Development Centre CIRU), Zagreb, pp. 35-46

 Cite Article (APA): Bogdana, O and Dumitrescu, A.  2020.The compliance of the Romanian listed companies with the principles and provisions of the Corporate Governance. The Journal of Corporate Governance, Insurance, and Risk Management (JCGIRM) 2020, Volume 7, Series 2, Pages 55-69

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