SURVEY REGARDING THE CORPORATE GOVERNANCE IMPLEMENTATION IN ROMANIA

Business world is a competitive world where only those who can adapt best to the market survive. Still, being successful from an economic stand-point does not refer to fraudulency, treacherous practice or complete exclusion of the competition. The existence of competition and need for profit does not get into conflict with accurate behaviour and respect for ethical standards. A company's value increases depending on identifying and harmonizing the conflicts of interests that occur between the social partners of the company, especially between shareholders and managers. The harmonization of these interests is ensured by the corporate governance system which aims for the global performance of the company. The present study undertakes to research the impact of the Government's emergency rule no. 109/2011 over 15 public entities/companies.