The development of a corporate governance
assessment model for the Romanian
public sector
Author:
Aurelia ŞTEFĂNESCU, Gabriela Lidia TĂNASE
JEL:
M48, L38, G34, H83.
DOI:
10.20869/AUDITF/2016/143/1227
Keywords:
Corporate governance, assessment model,
public institution, stakeholders, Romania.
Abstract:
Corporate governance is an essential component of
business management, and has acquired a particularly
important momentum in the private sector, in the context
of the economic crisis and financial maneuvers which
are questionable in terms of legality. The same
imperative need to develop corporate governance is also
identified in the public sector, given the large number of
stakeholders and their heterogeneity, the need for
accountability, efficiency, performance, transparency
and sustainability. By using a qualitative research
approach, a set of ideas on corporate governance was
presented, as published in the specialized literature;
also, a model was proposed for the assessment of
corporate governance in the Romanian public sector. In
the current context, the development of such a model
complements the informational valences in the literature
regarding the corporate governance, allows the
identification of the deficiencies in the governance of
Romanian public institutions, and creates the potential
for the development and implementation of a
governance code dedicated to the public sector.
Abstract(235KB)
Article(424KB)