A RELATIONAL ANALYSIS OF CORPORATE GOVERNANCE

One of the realities brought forward by the financial crisis is that the corporate Governance, based until now mainly on self-regulation, has not been as effective as possible. A better management of organizations is important not only in order to reduce the possibility of occurrence of a new crisis...

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Veröffentlicht in:Journal of defense resources management 2014-01, Vol.5 (1), p.97-104
Hauptverfasser: Olar, Polixenia, MINCULETE, Gheorghe
Format: Artikel
Sprache:eng
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Zusammenfassung:One of the realities brought forward by the financial crisis is that the corporate Governance, based until now mainly on self-regulation, has not been as effective as possible. A better management of organizations is important not only in order to reduce the possibility of occurrence of a new crisis in the future, but also for organizations to be more competitive. Currently we do not have a definition of corporate governance that is unanimously accepted. At global level, there are a variety of definitions for this term, depending on national, cultural or legislative characteristics. In this article we present the concept of corporate governance as being a complex process occurring at the level of the management of the organization, which integrates control, risk management and internal audit in a formula that is meant to determine the level of performance for the organizational achievements.
ISSN:2068-9403
2247-6466
2068-9403