Corporate Governance and CSR – Present and Perspectives in Romanian Economy

Abstract

In the current economic context it can definitely be stated that the importance of corporate governance is the major key in assuming social responsibility by Romanian business organizations, leading to achieve high performance. Moreover, corporate governance refers to the distribution of rights and responsibilities between the different categories of persons involved in the company. In other words, it refers to promoting fairness, transparency and accountability at the company level, good governance of a company can be regarded as a requirement of capital market requirements and at the same time as an economic and social necessity in Romania.