The possible conflict of interests existing during the exercise of the mandate of administrator or for the position of shareholder of a company by shares regulated according to law no. 31/1990

In order to prevent putting personal interests above the interest of the companies they manage, the legislator provided a set of legal rules of limitations of the management bodies’ and shareholders’ behavior. As such, the conflict of interests can occur either at the exact moment of their nominatio...

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Main Author: Stoican Andreea
Format: Article
Language:English
Published: Sciendo 2019-05-01
Series:Proceedings of the International Conference on Business Excellence
Subjects:
Online Access:https://doi.org/10.2478/picbe-2019-0103
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spelling doaj-8f1f21e4378f4b5bba051545062b9be92021-09-05T14:00:57ZengSciendoProceedings of the International Conference on Business Excellence2558-96522019-05-011311172117910.2478/picbe-2019-0103picbe-2019-0103The possible conflict of interests existing during the exercise of the mandate of administrator or for the position of shareholder of a company by shares regulated according to law no. 31/1990Stoican Andreea0Bucharest Academy of Economic Studies, Bucharest, RomaniaIn order to prevent putting personal interests above the interest of the companies they manage, the legislator provided a set of legal rules of limitations of the management bodies’ and shareholders’ behavior. As such, the conflict of interests can occur either at the exact moment of their nomination in the position of management, either during the exercise of their mandate. Therefore, for such decisions that take into account personal matters, to be avoided, the legal rules contain very particular provisions in order to avoid such circumstances of acting in the detriment of the company, either through limitations of the mandate, either through very strict sanctions, including the incrimination of such deeds.https://doi.org/10.2478/picbe-2019-0103administratormandateshareholderconflict of interestsincrimination
collection DOAJ
language English
format Article
sources DOAJ
author Stoican Andreea
spellingShingle Stoican Andreea
The possible conflict of interests existing during the exercise of the mandate of administrator or for the position of shareholder of a company by shares regulated according to law no. 31/1990
Proceedings of the International Conference on Business Excellence
administrator
mandate
shareholder
conflict of interests
incrimination
author_facet Stoican Andreea
author_sort Stoican Andreea
title The possible conflict of interests existing during the exercise of the mandate of administrator or for the position of shareholder of a company by shares regulated according to law no. 31/1990
title_short The possible conflict of interests existing during the exercise of the mandate of administrator or for the position of shareholder of a company by shares regulated according to law no. 31/1990
title_full The possible conflict of interests existing during the exercise of the mandate of administrator or for the position of shareholder of a company by shares regulated according to law no. 31/1990
title_fullStr The possible conflict of interests existing during the exercise of the mandate of administrator or for the position of shareholder of a company by shares regulated according to law no. 31/1990
title_full_unstemmed The possible conflict of interests existing during the exercise of the mandate of administrator or for the position of shareholder of a company by shares regulated according to law no. 31/1990
title_sort possible conflict of interests existing during the exercise of the mandate of administrator or for the position of shareholder of a company by shares regulated according to law no. 31/1990
publisher Sciendo
series Proceedings of the International Conference on Business Excellence
issn 2558-9652
publishDate 2019-05-01
description In order to prevent putting personal interests above the interest of the companies they manage, the legislator provided a set of legal rules of limitations of the management bodies’ and shareholders’ behavior. As such, the conflict of interests can occur either at the exact moment of their nomination in the position of management, either during the exercise of their mandate. Therefore, for such decisions that take into account personal matters, to be avoided, the legal rules contain very particular provisions in order to avoid such circumstances of acting in the detriment of the company, either through limitations of the mandate, either through very strict sanctions, including the incrimination of such deeds.
topic administrator
mandate
shareholder
conflict of interests
incrimination
url https://doi.org/10.2478/picbe-2019-0103
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