ASSESSING COMPLIENCE WITH CORPORATE GOVERNANCE
PRINCIPLES IN CASE OF ROMANIAN FINANCIAL INVESTMENT
                      COMPANIES

              Tatiana Dănescu, “Petru Maior” University of Tirgu Mures
              Ovidiu Spătăcean, “Petru Maior” University of Tirgu Mures

ABSTRACT: Corporate governance includes structures that combine relationships
between parties who invest resources and persons that monitor and manage businesses.
These relationships are both formal, defined by rules and regulations and informal,
materialized in business practices or ethical codes. The paper intends to assess the
compliance level with corporate governance principles in case of Financial Investment
Companies as institutional investors traded on Romanian capital market (Bucharest
Stock Exchange). The research methodology mainly consists in processing data obtained
from questioners addressed to these investment companies as well as observing
corporate governance statements issued by each of these entities. As presented in the
conclusion section, the authors reached valuable conclusions regarding a satisfactory
compliance level with corporate governance requirements that apply to Financial
Investment Companies.

Key words: Financial Investment Companies, corporate governance, principles, ethical codes,
regulations

JEL codes: M42, M14