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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.

Suggested Citation

  • Plamen D. Tchipev, 2008. "Corporate Governance in Bulgaria's Accession to the EU: Corporate Boards Perspective," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 2, pages 152-181.
    • Handle: RePEc:bas:econst:y:2008:i:2:p:152-181
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    References listed on IDEAS

    as
    1. Marco Becht & Fabrizio Barca, 2001. "The control of corporate Europe," ULB Institutional Repository 2013/13302, ULB -- Universite Libre de Bruxelles.
    2. Plamen Tchipev, 2003. "Ownership Structure and Corporate Control in Bulgaria," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 7, pages 132-146.
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    More about this item

    JEL classification:

    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance
    • G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation
    • K22 - Law and Economics - - Regulation and Business Law - - - Business and Securities Law

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