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Assessing Complience With Corporate Governanceprinciples In Case Of Romanian Financial Investment Companies


  • Tatiana Danescu

    (‘Petru Maior‘ University of Tirgu Mures)

  • Ovidiu Spatacean

    (‘Petru Maior‘ University of Tirgu Mures)


Corporate governance includes structures that combine relationshipsbetween parties who invest resources and persons that monitor and manage businesses.These relationships are both formal, defined by rules and regulations and informal,materialized in business practices or ethical codes. The paper intends to assess thecompliance level with corporate governance principles in case of Financial InvestmentCompanies as institutional investors traded on Romanian capital market (BucharestStock Exchange). The research methodology mainly consists in processing data obtainedfrom questioners addressed to these investment companies as well as observingcorporate governance statements issued by each of these entities. As presented in theconclusion section, the authors reached valuable conclusions regarding a satisfactorycompliance level with corporate governance requirements that apply to FinancialInvestment Companies.

Suggested Citation

  • Tatiana Danescu & Ovidiu Spatacean, 2011. "Assessing Complience With Corporate Governanceprinciples In Case Of Romanian Financial Investment Companies," Annales Universitatis Apulensis Series Oeconomica, Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia, vol. 2(13), pages 1-18.
  • Handle: RePEc:alu:journl:v:2:y:2011:i:13:p:18

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    More about this item


    Financial Investment Companies; corporate governance; principles; ethical codes; regulations;

    JEL classification:

    • M42 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Auditing
    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility


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