Author: Dan Cimpoeru

Introduction. Within the different categories of companies, the joint stock companies occupies an important place with a special configuration. The joint stock companies are companies able to manage large capital business.

Aim of the study. This paper aims to highlight that in the joint stock company there are three types of bodies: deliberative and decision-making (general meeting of shareholders), executive and management (administrator, administrators, Administrative Board, Directorate or Supervisory Board) and management control (auditors). The shareholders may set by the constitutive act other organs of society than those provided for under company law. An important role in the organization of a company has the administrators who have responsibilities in the sphere of internal management acts and representation in relations with third parties. Under the Romanian legal provisions, the joint stock companies may be managed in two systems: unitary and dualist.
Keywords: unitary system, dualist system, administrative board, directorate, joint stock company.