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Corporate Governance in Bulgaria's Accession to the EU: Corporate Boards Perspective

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  • Plamen D. Tchipev

Abstract

The pressure for change and synchronization in the accession process affected, practically, all the aspects of Bulgarian corporate governance (CG), one of them outstanding - the relevance and synchronization of the Bulgarian corporate boards (CB) to the European ones. The corporate boards' issues have a specific place in the CG problems. While, having its own significance, it penetrates all the other and reveals through them. Thus, all requirements for equal treatment of the shareholders happen through the actions of the executive and independent directors and all disclosures of information are carried out under the control and in the schedule of the Managing Boards, respectively Boards of Directors. The connections with stakeholders are completely in the domain of the Investor Relations Directors. This makes the knowledge of their adjustment in the Bulgarian accession to the EU crucial for assessment of the improved CG standards and this is the primary object of the present study.

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Bibliographic Info

Article provided by Bulgarian Academy of Sciences - Economic Research Institute in its journal Economic Studies.

Volume (Year): (2008)
Issue (Month): 2 ()
Pages: 152-181

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Handle: RePEc:bas:econst:y:2008:i:2:p:152-181

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  1. Tchipev, Plamen D, 2001. "Ownership Structure and Corporate Control in Bulgaria," MPRA Paper 47169, University Library of Munich, Germany.
  2. Vesselin Mintchev & Plamen Tchipev & Rosska Petkova, 2000. "Structure of the Corporate Control in the Enterprises from the Mass Privatization," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 1, pages 33-72.
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