Publication:
Report on the Observance of Standards and Codes : Corporate Governance Country Assessment, Bulgaria

Simple item page
dc.contributor.authorWorld Bank
dc.date.accessioned2013-07-22T20:05:19Z
dc.date.available2013-07-22T20:05:19Z
dc.date.issued2002-09
dc.description.abstractMarket capitalization of the Bulgarian Stock Exchange is low at four percent of gross Domestic Product, having fallen from a peak of seven percent in 1998. Similarly, market turnover remains low, even by the standards of transition economies. However in recent years, Bulgaria has made substantive concrete improvements in its legal and regulatory framework, in part in preparation of accession to the European Union. The Bulgarian National Securities Commission was established in 1996 and subsequent amendments to both the commercial and securities legislation strengthened the corporate governance framework. In particular, the 2001 revisions and amendments adopted in June 2002 substantially strengthened shareholder rights for "public" companies. In addition, proposed additional amendments will ensure pre-emptive rights of existing shareholders and will require legal entities to disclose both direct and indirect ownership interests in Bulgarian companies, where such interests are at five percent or more of the company. The assessment recommends three additional areas of improvements: 1) Amend the Commercial Law to establish a minimum quorum for shareholders' meetings and strengthen the duties of members of (supervisory) boards of directors. 2) Encourage private sector organizations and business associations to prepare a corporate governance code, encouraging improved corporate governance practices in the corporate sector. 3) Encourage the private sector to establish an Institute of Directors that could provide training and disseminate international practices for (supervisory) boards of directors.en
dc.identifierhttp://documents.worldbank.org/curated/en/2002/09/6732647/bulgaria-report-observance-standards-codes-rosc-corporate-governance-country-assessment
dc.identifier.doi10.1596/14459
dc.identifier.urihttps://hdl.handle.net/10986/14459
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACQUISITION
dc.subjectADMINISTRATIVE PROCEEDINGS
dc.subjectADVISORY SERVICES
dc.subjectBALANCE SHEET
dc.subjectBANKS
dc.subjectBENEFICIAL OWNER
dc.subjectBENEFICIAL OWNERS
dc.subjectBOARD
dc.subjectBOARD MEMBER
dc.subjectBOARD MEMBERS
dc.subjectBOARD OF DIRECTORS
dc.subjectBOARDS OF DIRECTORS
dc.subjectBOOK VALUE
dc.subjectBRANCHES
dc.subjectBUSINESS COMMUNITY
dc.subjectCAPITAL INCREASE
dc.subjectCAPITAL INCREASES
dc.subjectCAPITAL MARKET
dc.subjectCAPITAL MARKETS
dc.subjectCERTIFIED ACCOUNTANT
dc.subjectCERTIFIED PUBLIC ACCOUNTANT
dc.subjectCERTIFIED PUBLIC ACCOUNTANTS
dc.subjectCHAMBER OF COMMERCE
dc.subjectCHARTER
dc.subjectCHIEF ACCOUNTANT
dc.subjectCLASS ACTIONS
dc.subjectCLASSES OF SHARES
dc.subjectCOMMERCIAL LAW
dc.subjectCOMMON POLICY
dc.subjectCOMPANY
dc.subjectCOMPANY MANAGEMENT
dc.subjectCONFIDENTIAL INFORMATION
dc.subjectCONFLICTS OF INTEREST
dc.subjectCONSOLIDATION
dc.subjectCONSOLIDATION OF ACCOUNTS
dc.subjectCONTINGENT LIABILITIES
dc.subjectCORPORATE CONTROL
dc.subjectCORPORATE GOVERNANCE
dc.subjectCORPORATE GOVERNANCE CODE
dc.subjectCORPORATE GOVERNANCE PRINCIPLE
dc.subjectCORPORATE GOVERNANCE PRINCIPLES
dc.subjectCORPORATE GOVERNANCE REFORM
dc.subjectCORPORATE GOVERNANCE REFORMS
dc.subjectCORPORATE OBJECTIVES
dc.subjectCORPORATE SECURITIES
dc.subjectCORPORATION
dc.subjectCORPORATIONS
dc.subjectDERIVATIVE ACTIONS
dc.subjectDISCLOSURE OF INFORMATION
dc.subjectDISCLOSURE REQUIREMENTS
dc.subjectDIVIDENDS
dc.subjectDUE CARE
dc.subjectEXTRAORDINARY SHAREHOLDERS
dc.subjectFINANCIAL DISCLOSURE
dc.subjectFINANCIAL REPORT
dc.subjectFINANCIAL STATEMENTS
dc.subjectFOREIGN INVESTMENT
dc.subjectFOREIGN SHAREHOLDERS
dc.subjectGOVERNMENT COMPANY
dc.subjectINCORPORATED
dc.subjectINDEPENDENT AUDIT
dc.subjectINITIAL PUBLIC OFFERING
dc.subjectINSIDER TRADING
dc.subjectINSTITUTIONAL FRAMEWORK
dc.subjectINSTITUTIONAL INVESTORS
dc.subjectINSURANCE COMPANIES
dc.subjectINTERNATIONAL STANDARDS
dc.subjectINVESTIGATION
dc.subjectINVESTMENT COMPANIES
dc.subjectINVESTMENT INTERMEDIARIES
dc.subjectJOINT STOCK
dc.subjectJOINT STOCK COMPANIES
dc.subjectLABOR LEGISLATION
dc.subjectLARGE ENTERPRISES
dc.subjectLEGAL ENTITIES
dc.subjectLEGAL ENTITY
dc.subjectLEGAL REQUIREMENTS
dc.subjectLEGAL STATUS
dc.subjectLIMITED
dc.subjectLIMITED LIABILITY
dc.subjectLIMITED LIABILITY COMPANIES
dc.subjectLISTED COMPANIES
dc.subjectMAJOR SHAREHOLDERS
dc.subjectMANAGEMENT
dc.subjectMANAGEMENT BOARD
dc.subjectMANAGEMENT COMPANIES
dc.subjectMANAGERS
dc.subjectMARKET CAPITALIZATION
dc.subjectMARKET PRICES
dc.subjectMARKET STRUCTURE
dc.subjectMEMBER BROKER
dc.subjectMERGER
dc.subjectMERGERS
dc.subjectNUMBER OF SHAREHOLDERS
dc.subjectNUMBER OF SHARES
dc.subjectPERSONS
dc.subjectPRIVATE PLACEMENT
dc.subjectPRIVATE SECTOR
dc.subjectPRIVATIZATION
dc.subjectPRIVATIZATION AGENCY
dc.subjectPRIVATIZATION FUNDS
dc.subjectPRIVATIZATION PROCESSES
dc.subjectPROTECTING INVESTORS
dc.subjectPROTECTION OF COMPETITION
dc.subjectPROXY
dc.subjectPUBLIC COMPANIES
dc.subjectPUBLIC COMPANY
dc.subjectPUBLIC OFFERING
dc.subjectREGULATORY AUTHORITIES
dc.subjectREGULATORY FRAMEWORK
dc.subjectRIGHTS OF SHAREHOLDERS
dc.subjectSECURED CREDITOR
dc.subjectSECURITIES REGULATION
dc.subjectSHARE CAPITAL
dc.subjectSHARE OPTION
dc.subjectSHARE PRICE
dc.subjectSHAREHOLDER
dc.subjectSHAREHOLDER APPROVAL
dc.subjectSHAREHOLDER RIGHTS
dc.subjectSHAREHOLDER VOTE
dc.subjectSHAREHOLDERS
dc.subjectSHAREHOLDERS MEETING
dc.subjectSHAREHOLDERS RIGHTS
dc.subjectSHAREHOLDING
dc.subjectSINGLE SHAREHOLDER
dc.subjectSOLE PROPRIETORSHIPS
dc.subjectSTAKEHOLDER
dc.subjectSTAKEHOLDERS
dc.subjectSTATE ENTERPRISES
dc.subjectSTATEMENT
dc.subjectSTOCK EXCHANGE
dc.subjectSTOCK MARKET
dc.subjectSTOCK OPTIONS
dc.subjectSUPPLIERS
dc.subjectTAKEOVER
dc.subjectTENDER OFFER
dc.subjectTENDER OFFERS
dc.subjectTRADE UNIONS
dc.subjectTRANSPARENCY
dc.subjectUNION
dc.subjectVOTING SHARES
dc.titleReport on the Observance of Standards and Codes : Corporate Governance Country Assessment, Bulgariaen
dspace.entity.typePublication
okr.crosscuttingsolutionareaJobs
okr.crosscuttingsolutionareaPublic-Private Partnerships
okr.date.doiregistration2025-05-07T12:13:18.118376Z
okr.doctypeEconomic & Sector Work::Corporate Governance Assessment (ROSC)
okr.doctypeEconomic & Sector Work
okr.docurlhttp://documents.worldbank.org/curated/en/2002/09/6732647/bulgaria-report-observance-standards-codes-rosc-corporate-governance-country-assessment
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeFinance and Markets
okr.globalpracticeGovernance
okr.globalpracticeTrade and Competitiveness
okr.guid883791468231542703
okr.identifier.externaldocumentum000160016_20060418101934
okr.identifier.internaldocumentum6732647
okr.identifier.report35875
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2006/04/18/000160016_20060418101934/Rendered/PDF/358750BUL0ROSC0corporate0governance.pdfen
okr.region.administrativeEurope and Central Asia
okr.region.countryBulgaria
okr.sectorFinance :: Capital markets
okr.topicPrivate Sector Development::Privatization
okr.topicMacroeconomics and Economic Growth::Investment and Investment Climate
okr.topicLaw and Development::Corporate Law
okr.topicFinance and Financial Sector Development::Microfinance
okr.topicSmall Scale Enterprise
okr.topicIndustry
okr.unitLibrary & Archives ofDevelopment (IMTLA)
okr.volume1 of 1
Files
Original bundle
Now showing 1 - 2 of 2
Thumbnail Image
Name:
358750BUL0ROSC0corporate0governance.pdf
Size:
535.31 KB
Format:
Adobe Portable Document Format
Download
No Thumbnail Available
Name:
358750BUL0ROSC0corporate0governance.txt
Size:
66.97 KB
Format:
Plain Text
Download
License bundle
Now showing 1 - 1 of 1
No Thumbnail Available
Name:
license.txt
Size:
1.71 KB
Format:
Plain Text
Description:
Download
Collections
Corporate Governance Assessment