Suchergebnisse

On the whole we can claim that in the last almost sixty years there was a significant change in Croatian-Hungarian trans-border relationships. State-governed cooperation was replaced by project-controlled co-operations under the guidance of local-governments and the civil sphere. Unfortunately, stock and human workforce deficit very often obstructs success. Besides it is a permanent problem in our country that state politics has a great influence on local-government politics. So in a certain euroregion the success of operation highly depends on where the local-governments and civil organization belong to politically and on the leaders' ability to validate their interests. As a result of stock deficit mentioned previously project-based co-operations occurred.1 But these ad hoc project associations are not able and won't even be able to use union sources efficiently and generate any kind of long-term regional development. ; On the whole we can claim that in the last almost sixty years there was a significant change in Croatian-Hungarian trans-border relationships. State-governed cooperation was replaced by project-controlled co-operations under the guidance of local-governments and the civil sphere. Unfortunately, stock and human workforce deficit very often obstructs success. Besides it is a permanent problem in our country that state politics has a great influence on local-government politics. So in a certain euroregion the success of operation highly depends on where the local-governments and civil organization belong to politically and on the leaders' ability to validate their interests. As a result of stock deficit mentioned previously project-based co-operations occurred.1 But these ad hoc project associations are not able and won't even be able to use union sources efficiently and generate any kind of long-term regional development.

The corporate governance as a regulatory system has started a journey towards independence for a while, and sooner or later it will turn into a self-standing field of science. This process is facilitated not only by its transdisciplinary nature, which combines legal science with economic science, within the civil law, the corporate law, business economics, management and organizational science, but also, in the case of state-owned companies, with public administration and proceedings law. The timeliness of the topic is illustrated by the prolonged transition to market economy following the 1989 regime change, the controversial application of company law, the scandals around certain privatization processes, the bankruptcy of many important state-owned enterprises, all of these bringing about a willingness to establish a regulatory framework. Taking into consideration the above short presentation, the subject of our analysis is very complex; this article intends to limit the examination to the Bucharest Stock Exchange Corporate Governance Code, investigating it in comparison to the provisions of the Romanian legal system. At the same time, it sets as an objective to make use of a concrete example (the most important Romanian state-owned joint stock company listed at the Bucharest Stock Exchange), Romgaz, in order to present the reader the ways and circumstances of the implementation of the general principles and provisions to comply with , as included in the Code.