Corporate Governance Country Assessment : Romania
This report provides an assessment of the corporate governance policy framework, and enforcement and compliance practices in Romania, and updates the assessment completed in 2002. Strengths and weaknesses are highlighted and policy recommendations...
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| Format: | Corporate Governance Assessment (ROSC) |
| Language: | English en_US |
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Washington, DC
2013
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| Online Access: | http://documents.worldbank.org/curated/en/2004/04/6588835/romania-report-observance-standards-codes-rosc-corporate-governance-country-assessment http://hdl.handle.net/10986/14482 |
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okr-10986-144822021-04-23T14:03:18Z Corporate Governance Country Assessment : Romania World Bank ACCESS TO INFORMATION ARBITRAGE ASSETS AUTHORITY AUTHORIZATION AUTHORIZED CAPITAL BANKRUPTCY BENCHMARKS BID BOOK VALUE CAPITAL MARKETS CHARTERS COMPANY COMPANY LAW COMPANY MANAGEMENT COMPETITORS CONSUMERS CORPORATE CONTROL CORPORATE GOVERNANCE CORPORATE INFORMATION CORPORATE OWNERSHIP CORPORATION CORPORATIONS DISCLOSURE DISCLOSURE REQUIREMENTS DISCLOSURE RULES DIVIDENDS EXECUTION FINANCIAL INFORMATION FINANCIAL PERFORMANCE FIRMS FOREIGN SHAREHOLDERS GDP INSIDER DEALING INSIDER TRADING INSIDER TRANSACTIONS INSTITUTIONAL FRAMEWORK INSTITUTIONAL INVESTORS INTERNATIONAL FINANCE INTERNATIONAL NORMS INVESTMENT CLIMATE INVESTMENT COMPANIES INVESTMENT SERVICES INVESTOR PROTECTION JOINT STOCK COMPANIES LEGAL ACTION LEGISLATION LEGISLATIVE CHANGES LISTED COMPANIES MERGERS MINISTRY OF FINANCE MINORITY SHAREHOLDERS MUTUAL FUNDS OWNERSHIP DISCLOSURE REQUIREMENTS OWNERSHIP STRUCTURE PRIVATIZATION AGENCY PRIVATIZATION POLICY PUBLIC FINANCE PUBLIC INSTITUTIONS REGULATORY FRAMEWORK REPRESENTATIVES SHARE CAPITAL SHAREHOLDER MEETING SHAREHOLDER MEETINGS SHAREHOLDERS RIGHTS STATE ENTERPRISES STATEMENT STATEMENTS STRATEGIC INVESTORS SUPPLIERS TAKEOVER TOTAL MARKET CAPITALIZATION TRANSPARENCY UNEMPLOYMENT VALUATION VALUING ASSETS VETO VOTING WEALTH This report provides an assessment of the corporate governance policy framework, and enforcement and compliance practices in Romania, and updates the assessment completed in 2002. Strengths and weaknesses are highlighted and policy recommendations formulated. The major issues are driven by Romania's effort to join the European Union (EU), and the continuing transformation of the Romanian capital markets. Legislative changes in recent years have improved the corporate governance framework. The report notes several areas for further improvement. It recommends that policymakers consider 1) giving a clear mandate to the CNVM (National Commission on Real Estate Values) to protect shareholder's rights, and, in providing additional resources to allow implementation of this mandate; 2) protecting shareholder rights for all publicly held companies, including the less active Rasdaq companies; 3) moving forward on the creation of a Corporate Governance Institute, to both provide training to board members, 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 shareholder rights, and that of the board of directors. 2013-07-23T16:18:49Z 2013-07-23T16:18:49Z 2004-04 http://documents.worldbank.org/curated/en/2004/04/6588835/romania-report-observance-standards-codes-rosc-corporate-governance-country-assessment http://hdl.handle.net/10986/14482 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC Economic & Sector Work :: Corporate Governance Assessment (ROSC) Economic & Sector Work Europe and Central Asia Romania |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ACCESS TO INFORMATION ARBITRAGE ASSETS AUTHORITY AUTHORIZATION AUTHORIZED CAPITAL BANKRUPTCY BENCHMARKS BID BOOK VALUE CAPITAL MARKETS CHARTERS COMPANY COMPANY LAW COMPANY MANAGEMENT COMPETITORS CONSUMERS CORPORATE CONTROL CORPORATE GOVERNANCE CORPORATE INFORMATION CORPORATE OWNERSHIP CORPORATION CORPORATIONS DISCLOSURE DISCLOSURE REQUIREMENTS DISCLOSURE RULES DIVIDENDS EXECUTION FINANCIAL INFORMATION FINANCIAL PERFORMANCE FIRMS FOREIGN SHAREHOLDERS GDP INSIDER DEALING INSIDER TRADING INSIDER TRANSACTIONS INSTITUTIONAL FRAMEWORK INSTITUTIONAL INVESTORS INTERNATIONAL FINANCE INTERNATIONAL NORMS INVESTMENT CLIMATE INVESTMENT COMPANIES INVESTMENT SERVICES INVESTOR PROTECTION JOINT STOCK COMPANIES LEGAL ACTION LEGISLATION LEGISLATIVE CHANGES LISTED COMPANIES MERGERS MINISTRY OF FINANCE MINORITY SHAREHOLDERS MUTUAL FUNDS OWNERSHIP DISCLOSURE REQUIREMENTS OWNERSHIP STRUCTURE PRIVATIZATION AGENCY PRIVATIZATION POLICY PUBLIC FINANCE PUBLIC INSTITUTIONS REGULATORY FRAMEWORK REPRESENTATIVES SHARE CAPITAL SHAREHOLDER MEETING SHAREHOLDER MEETINGS SHAREHOLDERS RIGHTS STATE ENTERPRISES STATEMENT STATEMENTS STRATEGIC INVESTORS SUPPLIERS TAKEOVER TOTAL MARKET CAPITALIZATION TRANSPARENCY UNEMPLOYMENT VALUATION VALUING ASSETS VETO VOTING WEALTH |
| spellingShingle |
ACCESS TO INFORMATION ARBITRAGE ASSETS AUTHORITY AUTHORIZATION AUTHORIZED CAPITAL BANKRUPTCY BENCHMARKS BID BOOK VALUE CAPITAL MARKETS CHARTERS COMPANY COMPANY LAW COMPANY MANAGEMENT COMPETITORS CONSUMERS CORPORATE CONTROL CORPORATE GOVERNANCE CORPORATE INFORMATION CORPORATE OWNERSHIP CORPORATION CORPORATIONS DISCLOSURE DISCLOSURE REQUIREMENTS DISCLOSURE RULES DIVIDENDS EXECUTION FINANCIAL INFORMATION FINANCIAL PERFORMANCE FIRMS FOREIGN SHAREHOLDERS GDP INSIDER DEALING INSIDER TRADING INSIDER TRANSACTIONS INSTITUTIONAL FRAMEWORK INSTITUTIONAL INVESTORS INTERNATIONAL FINANCE INTERNATIONAL NORMS INVESTMENT CLIMATE INVESTMENT COMPANIES INVESTMENT SERVICES INVESTOR PROTECTION JOINT STOCK COMPANIES LEGAL ACTION LEGISLATION LEGISLATIVE CHANGES LISTED COMPANIES MERGERS MINISTRY OF FINANCE MINORITY SHAREHOLDERS MUTUAL FUNDS OWNERSHIP DISCLOSURE REQUIREMENTS OWNERSHIP STRUCTURE PRIVATIZATION AGENCY PRIVATIZATION POLICY PUBLIC FINANCE PUBLIC INSTITUTIONS REGULATORY FRAMEWORK REPRESENTATIVES SHARE CAPITAL SHAREHOLDER MEETING SHAREHOLDER MEETINGS SHAREHOLDERS RIGHTS STATE ENTERPRISES STATEMENT STATEMENTS STRATEGIC INVESTORS SUPPLIERS TAKEOVER TOTAL MARKET CAPITALIZATION TRANSPARENCY UNEMPLOYMENT VALUATION VALUING ASSETS VETO VOTING WEALTH World Bank Corporate Governance Country Assessment : Romania |
| geographic_facet |
Europe and Central Asia Romania |
| description |
This report provides an assessment of
the corporate governance policy framework, and enforcement
and compliance practices in Romania, and updates the
assessment completed in 2002. Strengths and weaknesses are
highlighted and policy recommendations formulated. The major
issues are driven by Romania's effort to join the
European Union (EU), and the continuing transformation of
the Romanian capital markets. Legislative changes in recent
years have improved the corporate governance framework. The
report notes several areas for further improvement. It
recommends that policymakers consider 1) giving a clear
mandate to the CNVM (National Commission on Real Estate
Values) to protect shareholder's rights, and, in
providing additional resources to allow implementation of
this mandate; 2) protecting shareholder rights for all
publicly held companies, including the less active Rasdaq
companies; 3) moving forward on the creation of a Corporate
Governance Institute, to both provide training to board
members, 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 shareholder
rights, and that of the board of directors. |
| format |
Economic & Sector Work :: Corporate Governance Assessment (ROSC) |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Corporate Governance Country Assessment : Romania |
| title_short |
Corporate Governance Country Assessment : Romania |
| title_full |
Corporate Governance Country Assessment : Romania |
| title_fullStr |
Corporate Governance Country Assessment : Romania |
| title_full_unstemmed |
Corporate Governance Country Assessment : Romania |
| title_sort |
corporate governance country assessment : romania |
| publisher |
Washington, DC |
| publishDate |
2013 |
| url |
http://documents.worldbank.org/curated/en/2004/04/6588835/romania-report-observance-standards-codes-rosc-corporate-governance-country-assessment http://hdl.handle.net/10986/14482 |
| _version_ |
1764429251668344832 |