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Corporate Governance: An Antidote to Corruption
The phenomenon referred to as corruption comprises the sundry forms of abuse of power (economic, political and administrative) which all result in obtaining personal or collective benefits to the detriment of the rights and lawful interests of an individual, groups or the whole society. Corruption hinders development virtually everywhere, thus harming the social, political, and economic life of any society. It distorts choice, increases costs of products and services, promotes unproductive investment, contributes to decline of living standards and undermines democracy and societal integrity. more » |
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English-Bulgarian Corporate Governance Dictionary
The Bulgarian and South East Europe experience during the last decade indicates that a successful transition to a market economy requires not only ownership transfer, but the building up of an institutional environment as well, where private property can operate effectively while being engaged with social welfare. This is a crucial component for establishing accountable, rational and owners-oriented mechanisms for economic entities management. The problems regarding the proper identification and effective implementation of these mechanisms represent the main issues of corporate governance. more » |
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Corporate Governance Assessment Report: 2000
The present report has the objective to provide an overview of the general framework and particular dimensions of the corporate governance in Bulgaria. It is published for the first time and the authors intend to continue its publication on an annual basis. In its present form, the study contains information thus far unavailable to the professional community and the media. The evaluations and analyses herein are the first attempt to outline the achievements and the problems in the field of corporate governance in Bulgaria in the years of transition. The authors of the report thus aim to encourage a wider discussion on the subject and that, as a result, practical improvement action will be undertaken. more » |
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Corporate Governance Initiative for Bulgaria - Action Plan
The present action plan contains practical measures and proposals for the improvement of the corporate governance in Bulgaria. It was prepared by the expert group, working on projects within the Corporate Governance Initiative in Bulgaria. A substantial part of the proposals were induced by the results and analyses presented in the Corporate Governance Assessment Report: 2000, other expert opinions have also been used for the regulatory changes and improvement of the practice in that aspect. more » |
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Establishing Corporate Governance in an Emerging Market: Bulgaria
In Bulgaria until very recently corporate governance and control were a perplexing and unintelligible concept not only for the bulk of small shareholders, who had acquired equity through mass privatisation, but also for representatives of government institutions and private businesses. Today, the importance of the problem, particularly for an economy badly needing restructuring, is realised at the top government level. As a result of the active efforts of the professional community and the media, in Bulgaria meetings, discussions, training workshops and sociological surveys were conducted, which led to the first serious publications on corporate governance and control. more » |
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Bulgaria's Participation in EU Structural Funds
The present report examines the preparation of Bulgaria for future participation in the structural policies of the EU with the purpose of achieving economic and social harmonization on the basis of the introduction of principles of regional and social policy and the development of infrastructures in the area of transport and
telecommunications. more » |
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