CORPORATE GOVERNANCE IN DEVELOPING ECONOMIES: CASE STUDY OF A ROMANIAN TEXTILE COMPANY
This article explores corporate governance issues like ownership structure, gender diversity accountability, risk management and internal audit at managerial level of a textile company listed on the Bucharest stock exchange. For this reason, secondary data was used as information collection tool. Re...
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| Format: | Article |
| Language: | English |
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Editura Universităţii din Oradea
2015-05-01
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| Series: | Annals of the University of Oradea: Fascicle of Textiles, Leatherwork |
| Subjects: | |
| Online Access: | http://textile.webhost.uoradea.ro/Annals/Vol%20XVI-Nr.%201-2015/Art.nr.98-%20pag.%20147-150.pdf |
| _version_ | 1811317876038041600 |
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| author | POP Zenovia Cristiana |
| author_facet | POP Zenovia Cristiana |
| author_sort | POP Zenovia Cristiana |
| collection | DOAJ |
| description | This article explores corporate governance issues like ownership structure, gender diversity accountability, risk management and internal audit at managerial level of a textile company listed on the Bucharest stock exchange. For this reason, secondary data was used as information collection tool. Results of the study underline the conclusion that, corporate governance is being implemented in companies belonging to the textile industry of Romania although correlated with some weaknesses. Analyzed documents confirm that the chosen textile company is trying to implement various accepted corporate governance policies, to stay competitive. The manufacturing processes were constantly improved involving a variety of techniques, with the purpose for diminishing environmental negative impact by eliminating waste. The board of directors as well as the top-management has a good understanding of the responsibilities for each member in order to ensure good corporate governance. The lack of a trade union could be the causative factor of wage inequality and loss of a stronger worker voice. Although the result of external constraints, we identified a process for constant enhancement of corporate governance in the company. The implementation of the code of corporate governance contributed to improvement in performance especially share value. Future research directions aimed extending the sample by selecting several other companies from different industries, for comparison. |
| first_indexed | 2024-04-13T12:15:58Z |
| format | Article |
| id | doaj.art-43cf8c660d1f452b9f25d73c0ae36250 |
| institution | Directory Open Access Journal |
| issn | 1843-813X |
| language | English |
| last_indexed | 2024-04-13T12:15:58Z |
| publishDate | 2015-05-01 |
| publisher | Editura Universităţii din Oradea |
| record_format | Article |
| series | Annals of the University of Oradea: Fascicle of Textiles, Leatherwork |
| spelling | doaj.art-43cf8c660d1f452b9f25d73c0ae362502022-12-22T02:47:21ZengEditura Universităţii din OradeaAnnals of the University of Oradea: Fascicle of Textiles, Leatherwork1843-813X2015-05-01XVI1147150CORPORATE GOVERNANCE IN DEVELOPING ECONOMIES: CASE STUDY OF A ROMANIAN TEXTILE COMPANYPOP Zenovia Cristiana0Babeș -Bolyai University of Cluj-Napoca, Faculty of Economics and Business Administration Department of Economics and Business Administration in German Language, Str.Teodor Mihali 58 – 60, RO - 400591 Cluj-Napoca, RomaniaThis article explores corporate governance issues like ownership structure, gender diversity accountability, risk management and internal audit at managerial level of a textile company listed on the Bucharest stock exchange. For this reason, secondary data was used as information collection tool. Results of the study underline the conclusion that, corporate governance is being implemented in companies belonging to the textile industry of Romania although correlated with some weaknesses. Analyzed documents confirm that the chosen textile company is trying to implement various accepted corporate governance policies, to stay competitive. The manufacturing processes were constantly improved involving a variety of techniques, with the purpose for diminishing environmental negative impact by eliminating waste. The board of directors as well as the top-management has a good understanding of the responsibilities for each member in order to ensure good corporate governance. The lack of a trade union could be the causative factor of wage inequality and loss of a stronger worker voice. Although the result of external constraints, we identified a process for constant enhancement of corporate governance in the company. The implementation of the code of corporate governance contributed to improvement in performance especially share value. Future research directions aimed extending the sample by selecting several other companies from different industries, for comparison.http://textile.webhost.uoradea.ro/Annals/Vol%20XVI-Nr.%201-2015/Art.nr.98-%20pag.%20147-150.pdfCorporate governanceTextile industryOwneship structureAccountabilityDirector's remunerationRisk managementInternal audit |
| spellingShingle | POP Zenovia Cristiana CORPORATE GOVERNANCE IN DEVELOPING ECONOMIES: CASE STUDY OF A ROMANIAN TEXTILE COMPANY Annals of the University of Oradea: Fascicle of Textiles, Leatherwork Corporate governance Textile industry Owneship structure Accountability Director's remuneration Risk management Internal audit |
| title | CORPORATE GOVERNANCE IN DEVELOPING ECONOMIES: CASE STUDY OF A ROMANIAN TEXTILE COMPANY |
| title_full | CORPORATE GOVERNANCE IN DEVELOPING ECONOMIES: CASE STUDY OF A ROMANIAN TEXTILE COMPANY |
| title_fullStr | CORPORATE GOVERNANCE IN DEVELOPING ECONOMIES: CASE STUDY OF A ROMANIAN TEXTILE COMPANY |
| title_full_unstemmed | CORPORATE GOVERNANCE IN DEVELOPING ECONOMIES: CASE STUDY OF A ROMANIAN TEXTILE COMPANY |
| title_short | CORPORATE GOVERNANCE IN DEVELOPING ECONOMIES: CASE STUDY OF A ROMANIAN TEXTILE COMPANY |
| title_sort | corporate governance in developing economies case study of a romanian textile company |
| topic | Corporate governance Textile industry Owneship structure Accountability Director's remuneration Risk management Internal audit |
| url | http://textile.webhost.uoradea.ro/Annals/Vol%20XVI-Nr.%201-2015/Art.nr.98-%20pag.%20147-150.pdf |
| work_keys_str_mv | AT popzenoviacristiana corporategovernanceindevelopingeconomiescasestudyofaromaniantextilecompany |