Corporate governance


OECD Review of the Corporate Governance of State-Owned Enterprises in Romania

The Romanian government has undertaken important legal and institutional changes over the past decade to improve the governance and performance of its state-owned enterprises (SOEs), yet significant implementation shortcomings persist. This review describes and assesses the corporate governance framework of the Romanian SOE sector against the OECD Guidelines on Corporate Governance of State-Owned Enterprises. It also makes recommendations to help the Romanian authorities design adequate mechanisms to ensure the implementation of applicable rules for the exercise of state ownership and the governance of SOEs.

Available from January 27, 2023

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Abbreviations and acronyms
Executive summary
The state‑owned enterprise landscape in Romania
Assessment of Romania against the OECD Guidelines of Corporate Governance of SOEs
Conclusions and recommendations
Annexes3 chapters available
Overview of the 216 enterprises fully or majority-owned by the central government
Listed companies with a consolidated public sector ownership of no less than 10%
Example of a letter of expectation – Hidroelectrica
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