A RELATIONAL ANALYSIS OF CORPORATE GOVERNANCE Cover Image

A RELATIONAL ANALYSIS OF CORPORATE GOVERNANCE
A RELATIONAL ANALYSIS OF CORPORATE GOVERNANCE

Author(s): Polixenia Olar, Gheorghe Minculete
Subject(s): Economy
Published by: Regional Department of Defense Resources Management Studies
Keywords: Governance; Corporate Governance; Best Practices; Management; Internal Audit; Risk Management; Internal Control

Summary/Abstract: One of the realities brought forward by the financial crisis is that the corporate Governance, based until now mainly on self-regulation, has not been as effective as possible. A better management of organizations is important not only in order to reduce the possibility of occurrence of a new crisis in the future, but also for organizations to be more competitive. Currently we do not have a definition of corporate governance that is unanimously accepted. At global level, there are a variety of definitions for this term, depending on national, cultural or legislative characteristics. In this article we present the concept of corporate governance as being a complex process occurring at the level of the management of the organization, which integrates control, risk management and internal audit in a formula that is meant to determine the level of performance for the organizational achievements.

  • Issue Year: 5/2014
  • Issue No: 1
  • Page Range: 97-104
  • Page Count: 8
  • Language: English