The Role of Corporate Governance within Groups of Companies

The corporate governance is a new concept in the international economic life. There is no unitary definition of the concept. Some economists consider that corporate governance envisages the mechanisms that assure the investors they will get the expected results of investments in companies others ensure the responsibility of those who take decisions, thereof the owners. The corporate governance specific to the way of distribution of rights and responsibilities among different participants in company’s activities, such as The Board of Directors, the managers, shareholders and other persons directly interested, establishes the rules and procedures for taking decisions.