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.
Ukraine's division today is mostly a consequence of its peripheral status: throughout the course of history the Ukrainians should (have) achieve(d) independence and the establishment of a sovereign state in the political vacuum that developed due to the rivalry of the neighboring great powers. In the East-European region Ukraine did have a state several times for a short period and in a much debated way, but it only gained complete sovereignity in 1991, while Russia had considered Ukraine, which "voluntarily joined" the empire in 1654, part of the Russian state. What has also contributed to Ukraine's division and the belated establishment of a state was that it did not have a unified national identity: in East- and Central Ukraine, which were continuously under Russian rule from the middle of the 17th century, a strong national movement could never develop. Then, following the partition of Poland, when West-Ukraine – with the exception of Galicia – became part of Russia, most of the Ukrainian territories belonged to – but did not comprise – one state. In Galicia, which was the western border of the eastern Slavic territories and was under the considerably liberal rule of Austria, and was called "the Ukrainian Piedmont", a stronger national self-consciousness developed after 1772. That is why it was there that the idea of a unified Ukrainian state was conceived first, the realization of which, however, took more than a hundred years, because of the division and weak national consciousness of the Ukrainians.
A tanulmány célja a 2015-ben indult Modern városok program (MVP) iparfejlesztési elképzeléseinek kritikai elemzése a hazánkban kialakult függő piacgazdasági modell és a tartós gyengeségekkel küzdő fejlesztéspolitikai intézményrendszer tükrében. A gazdasági válság utáni Magyarországon a főáramú fejlesztéspolitikák kudarca, az ország gyenge felzárkózási teljesítménye növekvő érdeklődést eredményezett az alternatív gazdaságfejlesztési receptek iránt. Az új teret nyert developmentalista felfogás visszanyúl az erős állami beavatkozás ideájához, ezt azonban paradox módon olyan környezetben teszi, amelyben a gazdaság jelentős hányada külföldi beruházók kezében van, a hazai fejlesztéspolitika eszköz- és intézményrendszere pedig tartós és öröklődő gyengeségekkel küzd. A kormány és a fejlesztésre kijelölt megyei jogú városok külön megállapodásain nyugvó, uniós forrásokat újraelosztó Modern városok program projektszemléletű, vonásaiban a francia és a lengyel tervszerződésekhez hasonló (de azoknál gyengébb és esetlegesebb) fejlesztési eszközként, az új fejlesztési filozófia megtestesítőjeként jelent meg az állami cselekvésben. A program, bár elsősorban városfejlesztési eszköz, jelentős számban tartalmaz újraiparosításra irányuló vagy azt támogató fejlesztési célokat (77 projekt). A program elképzeléseit jelentős regionális különbségek fémjelzik. Az ország nyugati felében inkább a hagyományos fejlesztési eszközök alkalmazása és néhány tudásintenzív tevékenység letelepítésére irányuló törekvés figyelhető meg; a Dél-Alföldön és környezetében az endogén növekedési modell számára is kedvező komplex iparfejlesztési célok kerültek előtérbe; az ország ipari perifériáin azonban egyáltalán nem került sor igazi áttörést sejtető, előremutató fejlesztési célok megfogalmazására. Feltehető, hogy az MVP nyertesei elsősorban a már iparosodott vagy újraiparosodó térségek lesznek; a területi különbségek mérséklődése helyett a különbségek további növekedésére számíthatunk. A critical analysis of the Modern Cities Programme, a development programmelaunched by the Hungarian government in 2015, considers the reindustrialisation components as part of the debate on the varieties of capitalism (in particular the issue of Central and Eastern European dependent market economies) and the persisting institutional deficiencies in the Hungarian planning system. After the 2008 crisis, the low efficiency or failure of mainstream development policies and Hungary's poor convergence record have contributed to a growing interest in alternative development policies. The emerging development-policy vision is returning to the idea of strong state intervention, although paradoxically it continues to operate in an environment characterised by exceptionally high foreign participation in the economy, particularly in its most competitive segments. In addition, domestic development policy struggles with permanent and self-reinforcing institutional weaknesses that significantly reduce its effectiveness. The resulting re-centralisation has not only led to an increase in regional differences, but also to a further weakening of development institutions operating in cities and regions. Effective development systems (development coalitions and early-stage urban regimes) that are capable of setting and achieving coherent, systematic development goals exist only in a few select locations across the country. The Modern Cities Programme, essentially a redistribution of EU funds based on special agreements between the central government and the major Hungarian cities, is a project-based development agenda that somewhat resembles French and Polish planning contracts, albeit in a diluted and less coherent form. As an instrument of development policy, it fits into the new etatist development philosophy. Although the programme is predominantly an instrument of urban development, it also includes 77 projects directly or indirectly related to reindustrialisation. These initiatives focus mainly on improving transport links, developing specific sectors, vocational training, education and a limited R&D+I component. The programme characteristics vary greatly from region to region. In the western half of the country, traditional development instruments predominate with limited evidence of attempts at building up knowledge-intensive activities. In the Southern Great Plain, also complex industrial development goals are found that are conducive to endogenous growth, partly reflecting the lack of FDI in the region and a more SME-based development trajectory. The programme has not been able to realise favourable reindustrialisation initiatives in the peripheral industrial areas of Hungary. The fact that the programme tended to benefit 'winners' is likely to increase existing development gaps rather than reduce existing regional disparities.
