MANAGERIAL BEHAVIOR AND CORPORATE GOVERNANCE –VECTORS OF THE ORGANIZATIONAL OPTIMIZATION PROCESS

As organizations increase their size and reinvent themselves structurally and financially, acting globally, their managers must recognize that the task of leading an international company is different from managing a company operating only in one country. The reality is that acting globally the decision maker should take into account several legal systems, tax systems and different accounting systems, to mention just some of the new elements of diversity occurred in the new entry markets. From another point of view, Enron scandal, among other corporate scandals, submitted to harsh criticism the valences and the so-called fundamentals of global capitalism and corporate governance and has fueled numerous doubts regarding the correctness of the behavior of those who decide in multinational companies.