STUDY REGARDING THE IMPACT OF THE AUDIT COMMITTEE CHARACTERISTICS ON COMPANY PERFORMANCE

Regardless of the type of management system, there is stringent necessary to establish a balance of power so that no group or individual has unlimited control over the company. The audit committee is that corporate governance structure responsible for upholding company value maximizing, ensuring transparency, controlling and monitoring management as well as preventing managers to acquire personal benefits. This study examines the correlations between the characteristics of the audit committee and the performance indicators of companies listed on the Bucharest Stock Exchange on the first category. This research approach is based on statistical processing the selected data in accordance with the addressed general theoretical issues.