CORPORATE GOVERNANCE AND STAKEHOLDERS’ ACCOUNTABILITY

Corporate governance is the system through which companies are directed and controlled but until today academic environment, regulators, corporations couldn’t reach a unanimous definition. Corporate governance provisions suffered changes after several largely covered financial scandals. Entities inc...

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Main Author: Elena CHIȚIMUȘ
Format: Article
Language:English
Published: Romanian Foundation for Business Intelligence 2015-04-01
Series:SEA: Practical Application of Science
Subjects:
Online Access: http://seaopenresearch.eu/Journals/articles/SPAS_7_21.pdf
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author Elena CHIȚIMUȘ
author_facet Elena CHIȚIMUȘ
author_sort Elena CHIȚIMUȘ
collection DOAJ
description Corporate governance is the system through which companies are directed and controlled but until today academic environment, regulators, corporations couldn’t reach a unanimous definition. Corporate governance provisions suffered changes after several largely covered financial scandals. Entities incur costs when complying with new regulations but not complying impacts the reputation and investors might think twice before bringing their money into the company. Accountability for business decisions, risk management, control that set the economic path of the company is mandatory for proving that the company is run in a fairly and smart way. This study aims to investigate how corporate governance relates to accountability of all parties involved in the current business of companies as any conflict of interest is detrimental to the company and affects in a negative way its performance.
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spelling doaj.art-67a79bb7b1064d4dab5b803ecfe1c47c2022-12-21T23:31:08ZengRomanian Foundation for Business IntelligenceSEA: Practical Application of Science2360-25542015-04-01III7 (1/2015)135140seapas:y:2015:i:7:p:135-140CORPORATE GOVERNANCE AND STAKEHOLDERS’ ACCOUNTABILITYElena CHIȚIMUȘ0 Doctoral School of Economics and Business Administration, Faculty of Economics and Business Administration, Alexandru Ioan Cuza University Iași Corporate governance is the system through which companies are directed and controlled but until today academic environment, regulators, corporations couldn’t reach a unanimous definition. Corporate governance provisions suffered changes after several largely covered financial scandals. Entities incur costs when complying with new regulations but not complying impacts the reputation and investors might think twice before bringing their money into the company. Accountability for business decisions, risk management, control that set the economic path of the company is mandatory for proving that the company is run in a fairly and smart way. This study aims to investigate how corporate governance relates to accountability of all parties involved in the current business of companies as any conflict of interest is detrimental to the company and affects in a negative way its performance. http://seaopenresearch.eu/Journals/articles/SPAS_7_21.pdf Corporate GovernanceBoard of DirectorsOwnershipControl
spellingShingle Elena CHIȚIMUȘ
CORPORATE GOVERNANCE AND STAKEHOLDERS’ ACCOUNTABILITY
SEA: Practical Application of Science
Corporate Governance
Board of Directors
Ownership
Control
title CORPORATE GOVERNANCE AND STAKEHOLDERS’ ACCOUNTABILITY
title_full CORPORATE GOVERNANCE AND STAKEHOLDERS’ ACCOUNTABILITY
title_fullStr CORPORATE GOVERNANCE AND STAKEHOLDERS’ ACCOUNTABILITY
title_full_unstemmed CORPORATE GOVERNANCE AND STAKEHOLDERS’ ACCOUNTABILITY
title_short CORPORATE GOVERNANCE AND STAKEHOLDERS’ ACCOUNTABILITY
title_sort corporate governance and stakeholders accountability
topic Corporate Governance
Board of Directors
Ownership
Control
url http://seaopenresearch.eu/Journals/articles/SPAS_7_21.pdf
work_keys_str_mv AT elenachitimus corporategovernanceandstakeholdersaccountability