Abstract: The present study aims to provide a clear picture of the degree of compliance of companies listed on the Bucharest Stock Exchange and the relationship between compliance and company value. The analysis uses an extensive data set for the years 2023 and 2024, including market indicators such as price-to-book value (PBV), price-to-earnings ratio (PER) and dividend yield (DIVY), along with 145 detailed governance scores at company and recommendation level. The results highlight a high and stable level of compliance, with an average of approximately 80% of the governance score indicator per company, suggesting the maturation of governance practices among issuers. At the same time, the study reveals significant differences between financial and non-financial companies, as well as between Premium and Standard companies. The regression results do not indicate a significant relationship between the governance score per company and the selected financial indicators. The conclusions contribute to the literature on corporate governance in emerging markets and offer relevant practical implications for investors, regulators, and listed companies, in a context marked by the transition to a new Code of Corporate Governance.