ROMANIAN CORPORATE GOVERNANCE, PUBLIC AFFAIRS AND LOBBYING

Abstract

This research paper provides an outline of corporate governance in Romania and the impact of public affairs and lobbying on the subject. We endeavoured to stress these two notions as sustainable parts of sound business practices and methods, as well as the development of improved strategies for achieving macroeconomic growth. The lobbying effort contributes to the maintenance and improvement of public confidence in democratic institutions and the representation process of public politics. In addition, professional lobbying and interest groups are required to always act ethically and morally in their dealings with all parties involved. There is now a lobbying law in Romania, although it is simply a draft and lawmakers provide no indications of future legislation. As we will analyse in this research paper, the lobbying effort in Brussels, the center of the European Union, is a highly active one, acknowledged by European Union officials as essential to the democratic process.