Priority problems of the economic transition in
Bulgaria have evolved in the course of reforms. The momentum gained
in the past two years has reformulated the problematic areas
shifting to the pragmatic and practically oriented aspects of
economic restructuring. Along with conducting quick and transparent
privatization of the state sector, Bulgarian society is facing a
new challenge: how to ensure effective operation of corporate units
and the economy as a whole in a context characterized by dynamic
changes of ownership, broad diversity of owners, and underdeveloped
market economy infrastructure.
The main objective of this project is to
facilitate the adoption of relevant corporate governance
standards and procedures that would ensure accountability,
transparency and control in the economy. Through evaluation of
existing corporate governance models, legal analysis, policy
formulation, and wide dissemination and advocacy the project:
- Assists the elaboration of a comprehensive set of
practical and policy instruments that would facilitate the adoption
of modern corporate governance principles through evaluation of
corporate governance models and the existing legislation;
- Facilitates the practical implementation of modern
corporate governance principles by developing a Policy Recommendation Paper on
corporate governance and adopting a policy agenda through a
consensus building process based on a Policy Workshop and a Policy Forum. The
PRP on corporate governance is designed to present a consistent set
of policy and legislative measures (action agenda) that would help
develop the institutional and market infrastructure of corporate
governance;
Promotes public awareness of corporate governance
principles and their practical importance for the effective
operation of companies and for ensuring accountability,
transparency and protection of the rights shareholders through wide
reaching public education and advocacy and dissemination of project
results through print and electronic media and by setting up an
Internet site of the CGI.
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