Corporate Governance

Author:Dragos-Mihail Daghie
Position:Dunarea de Jos University of Galati, Faculty of Juridical, Social and Political Sciences
Pages:68-73
 
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European Integration -
Realiti
68
“Dunărea de Jos” Universi
Abstract:
The purpose of this stu
of a co mpany limited by share
created this form of controlling t
define what it wants to achieve
german-
roman commercial law s
in Romania in 2006) but in term
Smith: The Wealth of Nations) T
rules that companies must comp
both shareholders and for the m
efficiency and economic growth
governance assumes a series of r
the other people concerned. Als
company’s targets are set out
and
Keywords
: company; manageme
1.
The Notion of Corporate G
Greek and Latin. The word
corpo
meaning leadership,
managemen
defined in the O.E.C.D.
2
Princip
shareholders.
According to O.E.
1
See also F. Stârc-Meclejan,
Reflectare
administraţie al societăţii pe acţiuni
(Re
stock company’s board of directors)
, w
2
Organization for Economic Co-
operatio
3
O.E.C.D. Principles, 2004.
lities and Perspectives
Corporate Governance
Dragoș-Mihail Daghie
ersity of Galati, Faculty of Juridical, Social and Pol
dragosdaghie@daghiesiasociatii.ro
study is to analyze and understand the recently introduced form
ares. The Law no. 441/2006, which fundamentally amended
g the company, the corporate go
vernance, but the legislation d
eve through this instrument. This topic is recent in research
w systems (in French corporate governance system was introd
rms of Anglo
-
Saxon law, the topic has been addressed years s
) The concept of corporate governance would like, as a result,
mply in orde
r t o achieve effective governance, transparent a
minority.
Corporate governance is a key element with an a
wth in full accordance with the increase of investors’ confi
f relationship between the company management, leadership,
Also corp orate governance provides for that structure by me
and the means to achieve them and also the manner how to mo
ment; investor
e Governance
oint, the notion of „corporate governance” has it
rporate
is derived from the Latin corpus,
which me
atin verb
corporare standing
for „forming into a s
of persons that is a group of persons authorized
word “governance” comes from the Latinized Gr
ent. This
gubernatio
comes, in turn, from ancien
to guide, to behave like a pilot
1
.
manian company legal system, the notion of corpo
ciples by establishing rules that commercial socie
transparent and beneficial administration, for bot
.E.C.D.
3
corporate governance is a key element i
n
area principiilor guvernanţei corporative asupra reformei reg
(Reflecting the principles of corporate governance on the refo
, within
„Pandectele române” –
supplement to the Works o
within West
University of Timişoara 2006, 2007, page 624 a
ation and Development
2011
olitical Sciences,
orm of management
ded Company Law,
n does not explicitly
rch as the theme of
roduced in 1966 an
d
s since 1776 (Adam
lt, to establish some
t and beneficial for
n aim at improving
nfi
dence. Corporate
ip, shareholders and
means of which the
monitor such.
s its origins in ancient
means body, which, in
a single body”, while a
ed to behave, act as a
Greek
– “gubernatio”,
ient Greek
- kybernao
porate governance was
cieties must respect in
both major and minor
n view of improving
reglementării consiliului de
eform of regulating t he joint
of International Bi
-annual
4 and following.

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