<abstract xmlns="http://www.w3.org/1999/xhtml">

<p>The paper presents the corporate governance status for the information technology (IT) companies listed on the Bucharest Stock Exchange for 2022, the most recent year for which the companies’ annual reports are available. The paper is part of the authors’ research series which focuses on SMEs from the Romanian IT sector, as one of the most dynamic sectors with growth perspectives nationally. Corporate governance is essential for the business success and sustainability of any company. It provides a framework made of principles, processes and practices for a company to be directed and controlled. In general, it covers aspects of efficiency and accountability for the board of directors, shareholders, management, statutory committees and control systems. For listed companies, these aspects are complemented by regulatory compliance, disclosure and transparency, as well as stakeholders’ engagement. The research is based on a content analysis supplied by Bucharest Stock Exchange, the reports of the IT listed companies and local and international financial institutions. The corporate governance status of the listed companies and the sector overall is determined by using the provisions of the Bucharest Stock Exchange Corporate Governance Codes for the main market and junior SMEs market (called AeRO) and analyzing, through a binary analysis, the annual comply or explain statements of the listed companies. Results show that IT listed companies on the Bucharest Stock Exchange comply with the majority of the provisions of the Corporate Governance Code, even though certain gaps need to be addressed.</p>
</abstract>

The paper presents the corporate governance status for the information technology (IT) companies listed on the Bucharest Stock Exchange for 2022, the most recent year for which the companies’ annual reports are available. The paper is part of the authors’ research series which focuses on SMEs from the Romanian IT sector, as one of the most dynamic sectors with growth perspectives nationally. Corporate governance is essential for the business success and sustainability of any company. It provides a framework made of principles, processes and practices for a company to be directed and controlled. In general, it covers aspects of efficiency and accountability for the board of directors, shareholders, management, statutory committees and control systems. For listed companies, these aspects are complemented by regulatory compliance, disclosure and transparency, as well as stakeholders’ engagement. The research is based on a content analysis supplied by Bucharest Stock Exchange, the reports of the IT listed companies and local and international financial institutions. The corporate governance status of the listed companies and the sector overall is determined by using the provisions of the Bucharest Stock Exchange Corporate Governance Codes for the main market and junior SMEs market (called AeRO) and analyzing, through a binary analysis, the annual comply or explain statements of the listed companies. Results show that IT listed companies on the Bucharest Stock Exchange comply with the majority of the provisions of the Corporate Governance Code, even though certain gaps need to be addressed.

Corporate Governance Status of the IT Companies Listed on the Bucharest Stock Exchange

National University of Science and Technology POLITEHNICA Bucharest

National University of Science and Technology POLITEHBICA Bucharest

Proceedings of the International Conference on Business Excellence

This work is licensed under the Creative Commons Attribution 4.0 International License.

The paper presents the corporate governance status for the information technology (IT) companies listed on the Bucharest Stock Exchange for 2022, the most...

Corporate Governance Status of the IT Companies Listed on the Bucharest Stock Exchange

Published Online: Jul 03, 2024

Page range: 2506 - 2515

DOI: https://doi.org/10.2478/picbe-2024-0210

Keywords
capital markets, SMEs, technology, corporate governance, Romania

© 2024 Mariana Ciurel et al., published by Sciendo

This work is licensed under the Creative Commons Attribution 4.0 International License.

Corporate Governance Status of the IT Companies Listed on the Bucharest Stock Exchange

Published Online: Jul 03, 2024

Page range: 2506 - 2515

DOI: https://doi.org/10.2478/picbe-2024-0210

Keywordscapital markets, SMEs, technology, corporate governance, Romania

© 2024 Mariana Ciurel et al., published by Sciendo

This work is licensed under the Creative Commons Attribution 4.0 International License.

Keywords
capital markets, SMEs, technology, corporate governance, Romania