Romania Receives OECD Corporate Governance Opinion

Romania has received a formal opinion from the OECD's Corporate Governance Committee, a key milestone in the country's bid to join the organization. The announcement was made by the Financial Supervisory Authority (ASF) on Wednesday, CE Report quotes Agerpres

The session, held in Paris on April 7-8, saw Romania represented by key officials, including Alexandru Petrescu, head of the ASF, Luca Niculescu, national coordinator for OECD accession, and Radu Hanga, president of the Bucharest Stock Exchange (BVB).

The formal opinion acknowledges Romania's progress in aligning with G20/OECD corporate governance principles after two years of intensive work. Petrescu highlighted that Romania's corporate governance framework now meets OECD standards.

During the session, Romania showcased its efforts to strengthen corporate governance practices and advance the National Strategy for Capital Market Development, including measures to simplify listings and boost market liquidity. The recent updates to the Corporate Governance Code also emphasize sustainability, stakeholder protection, and stronger monitoring of compliance among listed companies.

This OECD opinion marks the completion of Romania's assessment and confirms the alignment of its corporate governance policies with international standards.