Abstract

he aim of this paperwork is to present a set of comparative corporate governance (CG) standards in some Eastern European countries including: Bulgaria, Romania, and Hungary, plus 2012 CG practices for microfinance institutions. There are strengths and weaknesses in these codes or practices which will be identified in this paperwork. Therefore, this paper not only identifies different points in latest corporate governance standard principles and systems in the above three (3) countries, but also provides with a summary of evaluation of current corporate governance systems in these above countries which may enable relevant organizations in re-evaluating their current ones. Last but not least, it aims to illustrate a limited comparative set of standards of Eastern European corporate governance, and give proper recommendations to relevant governments and institutions toward a sustainable practices in business life.

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