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Corporate Governance Models

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Author Info

  • Petre Brezeanu

    (Bucharest Academy of Economic Studies, Romania)

  • Andrei Stănculescu

    (Bucharest Academy of Economic Studies, Romania)

Abstract

In essence, the concept of corporate governance refers to the coordination of interests of the various stakeholders of the company: shareholders, managers, employees, creditors, customers, suppliers, state, etc. In every company’s environment there is a set of specific relationships between the physical or legal persons who have an interest (“stake”) in the business. In pursuit of entrepreneurial activity, the management or the governance of the company must take into account the inherent conflicts produced by the coexistence of multiple interests in the corporation. This paper focuses on the corporate governance concept and on three principal models for the corporate governance system

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Bibliographic Info

Article provided by University of Petrosani, Romania in its journal Annals of the University of Petrosani - Economics.

Volume (Year): 8 (2008)
Issue (Month): 1 ()
Pages: 15-18

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Handle: RePEc:pet:annals:v:8:i:1:y:2008:p:15-18

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Web page: http://www.upet.ro/

Related research

Keywords: stakeholder; shareholder; corporate governance; manager; agency theory;

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Cited by:
  1. Mohammed Subhi Al Essawi & Petre Brezeanu, 2011. "The Diversity of Corporate Governance Models. Overview at the Country Level," Annals of the University of Petrosani, Economics, University of Petrosani, Romania, vol. 11(2), pages 5-14.

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