<abstract xmlns="http://www.w3.org/1999/xhtml"><p>The purpose of corporate governance is to achieve a responsible and value-oriented control of a company. The corporate governance provisions promote and strengthen the confidence of current and future shareholders, creditors, employees, business partners and the general public in national and international markets. For the resilience of financial markets but also for sustainable economic development it is crucial as a governance practice of companies listed on financial markets to be enshrined in the current corporate governance codes’ provisions. Therefore, the approaches of this research bring to the public's attention the conformity of the corporate governance declarations of companies from oil industry that trade shares on the Bucharest Stock Exchange. The results show that, in 2019, the analyzed companies register a high level of compliance with the provisions of the Corporate Governance Code applicable on the Romanian financial market.</p></abstract>

The purpose of corporate governance is to achieve a responsible and value-oriented control of a company. The corporate governance provisions promote and strengthen the confidence of current and future shareholders, creditors, employees, business partners and the general public in national and international markets. For the resilience of financial markets but also for sustainable economic development it is crucial as a governance practice of companies listed on financial markets to be enshrined in the current corporate governance codes’ provisions. Therefore, the approaches of this research bring to the public's attention the conformity of the corporate governance declarations of companies from oil industry that trade shares on the Bucharest Stock Exchange. The results show that, in 2019, the analyzed companies register a high level of compliance with the provisions of the Corporate Governance Code applicable on the Romanian financial market.

Consistency of corporate governance statements with the Corporate Governance Code provisions. The case of Romanian oil market

„George Emil Palade” University of Medicine, Pharmacy, Science and Technology of Târgu Mureș

Acta Marisiensis. Seria Oeconomica

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

The purpose of corporate governance is to achieve a responsible and value-oriented control of a company. The corporate governance provisions promote and...

Consistency of corporate governance statements with the Corporate Governance Code provisions. The case of Romanian oil market

Publié en ligne: 01 févr. 2020

Pages: 1 - 8

DOI: https://doi.org/10.2478/amso-2020-0007

Mots clés
corporate governance conformity, Code of Corporate Governance, Bucharest Stock Exchange, oil industry, capital market

© 2020 Tatiana Dănescu et al., published by Sciendo

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

Consistency of corporate governance statements with the Corporate Governance Code provisions. The case of Romanian oil market

Publié en ligne: 01 févr. 2020

Pages: 1 - 8

DOI: https://doi.org/10.2478/amso-2020-0007

Mots cléscorporate governance conformity, Code of Corporate Governance, Bucharest Stock Exchange, oil industry, capital market

© 2020 Tatiana Dănescu et al., published by Sciendo

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

Mots clés
corporate governance conformity, Code of Corporate Governance, Bucharest Stock Exchange, oil industry, capital market