Corporate Governance. Principles, Importance, Necessity
Corporate Governance. Principles, Importance, Necessity

Summary/Abstract: This article aims at presenting the advantages of implementation of corporate governance principles in Romania. The current financial and economic crisis, the lack of trust experienced within the corporate sector, the governmental sector and the non-profit sector will determine companies to adopt a higher level of transparency in financial reporting in order to regain the trust of investors with respect to business opportunities and to risks and to the future evolution thereof. The introduction of corporate governance principles in Romania will entail a dimishment of pressure exerted by future economic and financial crises. The coordination of all systems that make up the corporate governance (internal control, internal audit, external audit etc.) within each Member State of the European Union will lead to corporate and governmental sectors that are more efficient and transparent.

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