Some Considerations on The Role of Financial Communication Within Corporate Governance

On the background of a climate dominated by mistrust, suspicion and uncertainty, incontemporary society an increasing emphasis is put on financial communication as the main pillarthat ensures transparency and helps the economic entity to gain credibility among stakeholders. Financial communication h...

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Main Author: Avram Costin Daniel
Format: Article
Language:English
Published: Ovidius University Press 2017-01-01
Series:Ovidius University Annals: Economic Sciences Series
Subjects:
Online Access:http://stec.univ-ovidius.ro/html/anale/ENG/2017/Section-V/1.pdf
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author Avram Costin Daniel
author_facet Avram Costin Daniel
author_sort Avram Costin Daniel
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description On the background of a climate dominated by mistrust, suspicion and uncertainty, incontemporary society an increasing emphasis is put on financial communication as the main pillarthat ensures transparency and helps the economic entity to gain credibility among stakeholders. Financial communication has become a strategic concern, managed at top management level. The management of any entity is characterized by at least three fundamental processes: thinking,decision making and communication. Without proper thinking, no decision could be made. Withoutmaking decisions, we cannot talk about management. Without communicating the decisions made,we cannot put them in practice. Communication is a natural process, but within the corporate governance, it occupies asignificant share on the behalf of both issuers and receivers on one hand, with great care to ensurea continuous feed-back on the other hand.
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spelling doaj.art-edbe9a71974f43b994580b18596faac82022-12-21T18:30:09ZengOvidius University PressOvidius University Annals: Economic Sciences Series2393-31272393-31272017-01-01XVII1398402Some Considerations on The Role of Financial Communication Within Corporate GovernanceAvram Costin Daniel0University of CraiovaOn the background of a climate dominated by mistrust, suspicion and uncertainty, incontemporary society an increasing emphasis is put on financial communication as the main pillarthat ensures transparency and helps the economic entity to gain credibility among stakeholders. Financial communication has become a strategic concern, managed at top management level. The management of any entity is characterized by at least three fundamental processes: thinking,decision making and communication. Without proper thinking, no decision could be made. Withoutmaking decisions, we cannot talk about management. Without communicating the decisions made,we cannot put them in practice. Communication is a natural process, but within the corporate governance, it occupies asignificant share on the behalf of both issuers and receivers on one hand, with great care to ensurea continuous feed-back on the other hand.http://stec.univ-ovidius.ro/html/anale/ENG/2017/Section-V/1.pdffinancial communicationinvestorscorporate governanceeconomic entitystakeholders
spellingShingle Avram Costin Daniel
Some Considerations on The Role of Financial Communication Within Corporate Governance
Ovidius University Annals: Economic Sciences Series
financial communication
investors
corporate governance
economic entity
stakeholders
title Some Considerations on The Role of Financial Communication Within Corporate Governance
title_full Some Considerations on The Role of Financial Communication Within Corporate Governance
title_fullStr Some Considerations on The Role of Financial Communication Within Corporate Governance
title_full_unstemmed Some Considerations on The Role of Financial Communication Within Corporate Governance
title_short Some Considerations on The Role of Financial Communication Within Corporate Governance
title_sort some considerations on the role of financial communication within corporate governance
topic financial communication
investors
corporate governance
economic entity
stakeholders
url http://stec.univ-ovidius.ro/html/anale/ENG/2017/Section-V/1.pdf
work_keys_str_mv AT avramcostindaniel someconsiderationsontheroleoffinancialcommunicationwithincorporategovernance