Code of Corporate Governance of the Bucharest Stock Exchange in the Light of the Regulation of Romanian State-Owned Companies Cover Image

A Bukaresti Értéktőzsde Felelős Társaságirányítási Kódexe a romániai állami vállalatok szabályozásának tükrében
Code of Corporate Governance of the Bucharest Stock Exchange in the Light of the Regulation of Romanian State-Owned Companies

Author(s): András Peti
Subject(s): Law on Economics
Published by: Scientia
Keywords: Bucharest Stock Exchange; Corporate Governance Code; Romgaz joint stock company; state-owned enterprise; listed joint stock company;

Summary/Abstract: The corporate governance as a regulatory system has started a journey towards independence for a while, and sooner or later it will turn into a self-standing field of science. This process is facilitated not only by its transdisciplinary nature, which combines legal science with economic science, within the civil law, the corporate law, business economics, management and organizational science, but also, in the case of state-owned companies, with public administration and proceedings law.The timeliness of the topic is illustrated by the prolonged transition to market economy following the 1989 regime change, the controversial application of company law, the scandals around certain privatization processes, the bankruptcy of many important state-owned enterprises, all of these bringing about a willingness to establish a regulatory framework.Taking into consideration the above short presentation, the subject of our analysis is very complex; this article intends to limit the examination to the Bucharest Stock Exchange Corporate Governance Code, investigating it in comparison to the provisions of the Romanian legal system.At the same time, it sets as an objective to make use of a concrete example (the most important Romanian state-owned joint stock company listed at the Bucharest Stock Exchange), Romgaz, in order to present the reader the ways and circumstances of the implementation of the general principles and provisions to comply with , as included in the Code.

  • Issue Year: IV/2021
  • Issue No: 1
  • Page Range: 195-217
  • Page Count: 23
  • Language: Hungarian