The Corporate System in Some European Countries – a Comparative Approach

In corporate governance, through its specific mechanisms, some measures can be taken to strengthen institutional development (against corruption, administrative shortcomings, favouritism) and to promote market values. These values include accountability, transparency, primacy of law, equity, property and protection of minority shareholders. It should be considered in this context the fact that, as good would be the regulatory framework, if shareholders (owners) are not active and get involved, things can not move towards an optimal way. Based on these aspects, in the present paper we intend to emphasize which is the effectiveness of the corporate system in some European countries, compared with the specific Romanian one.