Corporate Governance Country Assessment : Romania

World Bank

Washington, DC

关键词: ACCESS TO INFORMATION;    ARBITRAGE;    ASSETS;    AUTHORITY;    AUTHORIZATION;   

RP-ID  :  35178

学科分类：社会科学、人文和艺术（综合）

来源: World Bank Open Knowledge Repository

【 摘 要 】

This report provides an assessment ofthe corporate governance policy framework, and enforcementand compliance practices in Romania, and updates theassessment completed in 2002. Strengths and weaknesses arehighlighted and policy recommendations formulated. The majorissues are driven by Romania's effort to join theEuropean Union (EU), and the continuing transformation ofthe Romanian capital markets. Legislative changes in recentyears have improved the corporate governance framework. Thereport notes several areas for further improvement. Itrecommends that policymakers consider 1) giving a clearmandate to the CNVM (National Commission on Real EstateValues) to protect shareholder's rights, and, inproviding additional resources to allow implementation ofthis mandate; 2) protecting shareholder rights for allpublicly held companies, including the less active Rasdaqcompanies; 3) moving forward on the creation of a CorporateGovernance Institute, to both provide training to boardmembers, and develop a new Corporate Governance Code,refocused on the role of the board of directors; and, 4)revising the Company Law, with emphasis on shareholderrights, and that of the board of directors.