Efficient Business Governance - a Solution for a Sustainable Development

Considering the special interest shown towards the concept of corporate governance, in this paper. we want to reflect the degree of compliance of the banking companies listed on the Bucharest Stock Exchange (BSE) with the principles and provisions of the Corporate Governance Code, considering the importance of the banking sector in the financial system, the one that basically manages the liquidities in an economy. In order to achieve the purpose of this research, we analysed both annual and sustainability reports issued in the period 2017-2018 by the listed entities in the banking field in Romania included in the study by using a scoring system to rank the compliance with the principles and provisions of CGC regarding the responsibilities of the board, risk management and internal control system, fair rewards and motivation and building value through investors relations. Our analysis reflects that, although the provisions and principles issued by the Corporate Governance Code are not mandatory for the listed companies, they are largely implemented in the activity of banking companies in order to increase the level of transparency and trust, essential elements for a sustainable development.