Corporate governance continues to evolve as regulatory requirements become more stringent and stakeholder expectations grow. Romanian companies, particularly those with cross-border operations, must adapt to new standards while maintaining operational efficiency.
Key Developments
The European Union has introduced enhanced transparency requirements affecting board composition, executive compensation disclosure, and sustainability reporting. These changes impact both listed companies and significant private enterprises.
Practical Recommendations
Board diversity policies should be reviewed and updated to reflect current best practices. Companies should establish clear procedures for related-party transactions and conflict of interest management.
Internal audit functions need strengthening, with particular attention to ESG-related risks that may affect long-term business sustainability.
Looking Forward
Organizations that proactively implement robust governance frameworks will be better positioned for capital raises, strategic partnerships, and regulatory compliance in the coming years.