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This study aims to present the main guidelines published by the Bucharest Stock Exchange regarding the general principles of corporate governance, as well as an analysis of the level of compliance with them by listed companies. Thus, the authors have developed a three-level corporate governance index by means of which the level of compliance with the guidelines published by the BVB can be measured. Following the analysis, the authors conclude that the score obtained by the analysed companies is positive, based on their level of compliance with most of the guidelines presented by the BVB. Moreover, companies in the Premium category have a higher level of compliance with the guidelines of the Code of Corporate Governance than other companies listed on the regulated market. From the perspective of future research, the authors aim to investigate whether corporate governance can influence a company’s financial performance.

The emergence of numerous financial controversies, followed by famous scandals, is one of the main elements in the emergence of the concept of corporate governance. Thus, the main objective of this article is to examine how to comply listed non-financial companies with the requirements of the Bucharest Stock Exchange (BSE), given their inability to set up audit committees. This approach requires a comparative analysis of Law 162/2017 with the guidelines of the Corporate Governance Code (CGC). The present research also contributes to the literature on the concept of corporate governance. The authors' expectations aim to confirm a high level of compliance with the requirements of the guidelines related to the setting up and operating of audit committees, but the confusion between the audit committee and the board of directors gives way to approaches that note a deviation from these recommendations. In this article the authors analysed the CGC compliance statements of companies listed on the BSE, for the standard and premium category, for the period between 2017-2020 on the basis of which an index of compliance with the recommendations relating to risk and internal control was compiled. Among the results we can see a low number of companies that have an audit committee, while only 26 from 66 companies have an audit committee with at least one independent non-executive member. Also, the results on the independence of the chairman (non-executive member) and relevant experience on the committee are even lower compared to the audit committee. However, the authors conclude a positive trend on the setting up and operating of the audit committee, even though most of the companies analysed do not have independent non-executive directors.

IAS/IFRS represent a set of global accounting standards that have gained a tremendous influence over national standards, regulations and organisations all across the globe. Romania’s argument for being an interesting research case is given mainly by its longer experience with the standards over other countries in the region. Through this study, my aim is to highlight the arguments in favour of IAS/IFRS over the national GAAP by conducting a survey, addressed to the employees of the biggest 7 accounting firms in Romania.

Corporate Social Responsibility (CSR) has become an important concept in the past three decades for any company or entity who wishes to maintain competitiveness in their respective sector, given by its large array of actors that are affected by the use, misuse, or the absence of CSR actions and policies (the community, customers, authorities etc.). Even if CSR is not at all a binding mechanism, ignoring it or misusing may hurt not only the company’s perception in the community, but also its strategic market approach. In this article I will set the stage for the implementation of CSR policies and actions in the Romanian business market, by using a qualitative research approach based on 101 surveys. The respondents were actors from the middle and top management sphere within large companies that operate in Romania.

With the overthrow of the communist regime in 1989, Romania entered a period of major economic transition. The economic recovery began in the early 2000s, with the opening of options to join NATO and become a member of the EU. Corporate social responsibility is a broad concept that can take many forms depending on the company and industry. Through CSR programs, companies can benefit society while positively developing their brand. As important as CSR is to the community, it is just as valuable to a company. In this article I surveyed actors who hold middle and top management positions in companies present in Romania, and whose entities disclose CSR inputs and outputs separately from their financial statements. The objective of this paper is to give an answer to the research question “Are the CSR policies implemented in Romania enough to ensure a prosperous development of the community?”.