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Value Creation Through Corporate Governance

  • Elena Chitimus

    ()

    (Alexandru Ioan Cuza University of Iasi, Romania)

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    Companies spend time and money in order to improve their corporate governance (CG) system and also do not forget to inform third parties about their efforts in this field. CG studies the separation of power at an entity level and the segregation of responsibilities between shareholders, management, and board of directors. As a mechanism CG helps to align management’s goals with those of the stakeholders in order to avoid conflict and to sustain and develop a healthy company. The objective of this article is to show how corporate governance is defined, what does it stands for and why it is important or maybe better said why companies give it so much importance.

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    File URL: http://www.ceswp.uaic.ro/articles/CESWP2013_V4_CHT.pdf
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    Article provided by Centre for European Studies, Alexandru Ioan Cuza University in its journal CES Working Papers.

    Volume (Year): 5(4) (2013)
    Issue (Month): (December)
    Pages: 474-483

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    Handle: RePEc:jes:wpaper:y:2013:v:5:p:474-483
    Contact details of provider: Web page: http://cse.uaic.ro

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