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The Importance of Corporate Governance in the South Est Europe Countries

Author

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  • SARCHIZIAN Sergiu

    (Doctoral School of Economics, "Al. I. Cuza" University of Iasi)

Abstract

Corporate governance is the set of procecesses, customs, policies, laws and institutions affecting the way a corporation is directed, administered or controlled. Corporate governance also includes the relationships among the shareholders, management, the board of directors and other stakeholders (employees, suppliers, customers, banks). Policy makers in both developed and emerging economies face challenges in ensuring good corporate governance. The OECD Principles of Corporate Governance set out a framework for good practice which has been agred by the governments of all 30 countries that are members of OECD. The White Paper on Corporate Governance in South Est Europe is the result of four Roundtable between 2001-2003 and it is the emulation of experiences of all participants based on the OECD Principles of Corporate Governance.

Suggested Citation

  • SARCHIZIAN Sergiu, 2010. "The Importance of Corporate Governance in the South Est Europe Countries," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 164-167, May.
    • Handle: RePEc:ovi:oviste:v:10:y:2010:i:1:p:164-167
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    More about this item

    Keywords

    corporate governance; policy makers; South Est Europe;
    All these keywords.

    JEL classification:

    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance

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