This article explores the intertwined influence of pantouflage and lobbying on governance in public administration. While transparency has long been promoted as a key element of integrity, recent developments in Europe and beyond highlight its limitations in addressing hidden influence networks. By examining pantouflage, the revolving door between public office and private sector roles, and the evolving strategies of lobbying...

The article analyzes the impact of the new corporate governance standards introduced by the Bucharest Stock Exchange (BVB) Code, which came into force on January 1, 2025, compared to the previous version from 2015. The study places the BVB codes in the context of soft law instruments and the comply or explain principle, discussing both their normative role and their practical effects on issuers. The analysis highlights the main changes brought ...

The financial system has a key role to play in transforming the economy into a more efficient and sustainable one, by reorienting private capital towards sustainable investment and encouraging more transparency. The consideration of sustainability factors in the decision-making process and investment advisory process can realise superior benefits. This can increase the resilience of the real economy and the stability of the financial system. T...