Report on the Observance of Standards and Codes : Corporate Governance Country Assessment, Bulgaria
collection.link.11 |
https://openknowledge.worldbank.org/handle/10986/2112
| |
collection.name.11 |
Corporate Governance Assessment
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dc.contributor.author |
World Bank
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dc.date.accessioned |
2013-07-22T20:05:19Z
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dc.date.available |
2013-07-22T20:05:19Z
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dc.date.issued |
2002-09
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dc.date.lastModified |
2021-04-23T14:03:16Z
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dc.description.abstract |
Market 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.identifier |
http://documents.worldbank.org/curated/en/2002/09/6732647/bulgaria-report-observance-standards-codes-rosc-corporate-governance-country-assessment
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dc.identifier.uri |
http://hdl.handle.net/10986/14459
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dc.language |
English
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dc.language.iso |
en_US
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dc.publisher |
Washington, DC
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dc.rights |
CC BY 3.0 IGO
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dc.rights.holder |
World Bank
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dc.rights.uri |
http://creativecommons.org/licenses/by/3.0/igo/
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dc.subject |
ACQUISITION
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dc.subject |
ADMINISTRATIVE PROCEEDINGS
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dc.subject |
ADVISORY SERVICES
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dc.subject |
BALANCE SHEET
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dc.subject |
BANKS
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dc.subject |
BENEFICIAL OWNER
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dc.subject |
BENEFICIAL OWNERS
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dc.subject |
BOARD
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dc.subject |
BOARD MEMBER
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dc.subject |
BOARD MEMBERS
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dc.subject |
BOARD OF DIRECTORS
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dc.subject |
BOARDS OF DIRECTORS
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dc.subject |
BOOK VALUE
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dc.subject |
BRANCHES
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dc.subject |
BUSINESS COMMUNITY
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dc.subject |
CAPITAL INCREASE
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dc.subject |
CAPITAL INCREASES
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dc.subject |
CAPITAL MARKET
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dc.subject |
CAPITAL MARKETS
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dc.subject |
CERTIFIED ACCOUNTANT
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dc.subject |
CERTIFIED PUBLIC ACCOUNTANT
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dc.subject |
CERTIFIED PUBLIC ACCOUNTANTS
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dc.subject |
CHAMBER OF COMMERCE
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dc.subject |
CHARTER
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dc.subject |
CHIEF ACCOUNTANT
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dc.subject |
CLASS ACTIONS
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dc.subject |
CLASSES OF SHARES
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dc.subject |
COMMERCIAL LAW
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dc.subject |
COMMON POLICY
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dc.subject |
COMPANY
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dc.subject |
COMPANY MANAGEMENT
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dc.subject |
CONFIDENTIAL INFORMATION
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dc.subject |
CONFLICTS OF INTEREST
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dc.subject |
CONSOLIDATION
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dc.subject |
CONSOLIDATION OF ACCOUNTS
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dc.subject |
CONTINGENT LIABILITIES
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dc.subject |
CORPORATE CONTROL
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dc.subject |
CORPORATE GOVERNANCE
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dc.subject |
CORPORATE GOVERNANCE CODE
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dc.subject |
CORPORATE GOVERNANCE PRINCIPLE
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dc.subject |
CORPORATE GOVERNANCE PRINCIPLES
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dc.subject |
CORPORATE GOVERNANCE REFORM
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dc.subject |
CORPORATE GOVERNANCE REFORMS
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dc.subject |
CORPORATE OBJECTIVES
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dc.subject |
CORPORATE SECURITIES
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dc.subject |
CORPORATION
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dc.subject |
CORPORATIONS
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dc.subject |
DERIVATIVE ACTIONS
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dc.subject |
DISCLOSURE OF INFORMATION
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dc.subject |
DISCLOSURE REQUIREMENTS
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dc.subject |
DIVIDENDS
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dc.subject |
DUE CARE
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dc.subject |
EXTRAORDINARY SHAREHOLDERS
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dc.subject |
FINANCIAL DISCLOSURE
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dc.subject |
FINANCIAL REPORT
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dc.subject |
FINANCIAL STATEMENTS
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dc.subject |
FOREIGN INVESTMENT
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dc.subject |
FOREIGN SHAREHOLDERS
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dc.subject |
GOVERNMENT COMPANY
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dc.subject |
INCORPORATED
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dc.subject |
INDEPENDENT AUDIT
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dc.subject |
INITIAL PUBLIC OFFERING
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dc.subject |
INSIDER TRADING
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dc.subject |
INSTITUTIONAL FRAMEWORK
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dc.subject |
INSTITUTIONAL INVESTORS
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dc.subject |
INSURANCE COMPANIES
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dc.subject |
INTERNATIONAL STANDARDS
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dc.subject |
INVESTIGATION
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dc.subject |
INVESTMENT COMPANIES
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dc.subject |
INVESTMENT INTERMEDIARIES
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dc.subject |
JOINT STOCK
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dc.subject |
JOINT STOCK COMPANIES
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dc.subject |
LABOR LEGISLATION
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dc.subject |
LARGE ENTERPRISES
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dc.subject |
LEGAL ENTITIES
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dc.subject |
LEGAL ENTITY
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dc.subject |
LEGAL REQUIREMENTS
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dc.subject |
LEGAL STATUS
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dc.subject |
LIMITED
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dc.subject |
LIMITED LIABILITY
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dc.subject |
LIMITED LIABILITY COMPANIES
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dc.subject |
LISTED COMPANIES
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dc.subject |
MAJOR SHAREHOLDERS
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dc.subject |
MANAGEMENT
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dc.subject |
MANAGEMENT BOARD
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dc.subject |
MANAGEMENT COMPANIES
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dc.subject |
MANAGERS
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dc.subject |
MARKET CAPITALIZATION
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dc.subject |
MARKET PRICES
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dc.subject |
MARKET STRUCTURE
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dc.subject |
MEMBER BROKER
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dc.subject |
MERGER
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dc.subject |
MERGERS
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dc.subject |
NUMBER OF SHAREHOLDERS
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dc.subject |
NUMBER OF SHARES
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dc.subject |
PERSONS
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dc.subject |
PRIVATE PLACEMENT
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dc.subject |
PRIVATE SECTOR
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dc.subject |
PRIVATIZATION
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dc.subject |
PRIVATIZATION AGENCY
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dc.subject |
PRIVATIZATION FUNDS
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dc.subject |
PRIVATIZATION PROCESSES
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dc.subject |
PROTECTING INVESTORS
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dc.subject |
PROTECTION OF COMPETITION
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dc.subject |
PROXY
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dc.subject |
PUBLIC COMPANIES
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dc.subject |
PUBLIC COMPANY
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dc.subject |
PUBLIC OFFERING
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dc.subject |
REGULATORY AUTHORITIES
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dc.subject |
REGULATORY FRAMEWORK
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dc.subject |
RIGHTS OF SHAREHOLDERS
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dc.subject |
SECURED CREDITOR
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dc.subject |
SECURITIES REGULATION
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dc.subject |
SHARE CAPITAL
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dc.subject |
SHARE OPTION
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dc.subject |
SHARE PRICE
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dc.subject |
SHAREHOLDER
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dc.subject |
SHAREHOLDER APPROVAL
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dc.subject |
SHAREHOLDER RIGHTS
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dc.subject |
SHAREHOLDER VOTE
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dc.subject |
SHAREHOLDERS
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dc.subject |
SHAREHOLDERS MEETING
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dc.subject |
SHAREHOLDERS RIGHTS
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dc.subject |
SHAREHOLDING
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dc.subject |
SINGLE SHAREHOLDER
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dc.subject |
SOLE PROPRIETORSHIPS
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dc.subject |
STAKEHOLDER
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dc.subject |
STAKEHOLDERS
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dc.subject |
STATE ENTERPRISES
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dc.subject |
STATEMENT
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dc.subject |
STOCK EXCHANGE
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dc.subject |
STOCK MARKET
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dc.subject |
STOCK OPTIONS
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dc.subject |
SUPPLIERS
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dc.subject |
TAKEOVER
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dc.subject |
TENDER OFFER
| |
dc.subject |
TENDER OFFERS
| |
dc.subject |
TRADE UNIONS
| |
dc.subject |
TRANSPARENCY
| |
dc.subject |
UNION
| |
dc.subject |
VOTING SHARES
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dc.title |
Report on the Observance of Standards and Codes : Corporate Governance Country Assessment, Bulgaria
| en |
okr.crosscuttingsolutionarea |
Jobs
| |
okr.crosscuttingsolutionarea |
Public-Private Partnerships
| |
okr.doctype |
Economic & Sector Work :: Corporate Governance Assessment (ROSC)
| |
okr.doctype |
Economic & Sector Work
| |
okr.docurl |
http://documents.worldbank.org/curated/en/2002/09/6732647/bulgaria-report-observance-standards-codes-rosc-corporate-governance-country-assessment
| |
okr.globalpractice |
Macroeconomics and Fiscal Management
| |
okr.globalpractice |
Finance and Markets
| |
okr.globalpractice |
Governance
| |
okr.globalpractice |
Trade and Competitiveness
| |
okr.googlescholar.linkpresent |
yes
| |
okr.identifier.externaldocumentum |
000160016_20060418101934
| |
okr.identifier.internaldocumentum |
6732647
| |
okr.identifier.report |
35875
| |
okr.language.supported |
en
| |
okr.pdfurl |
http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2006/04/18/000160016_20060418101934/Rendered/PDF/358750BUL0ROSC0corporate0governance.pdf
| en |
okr.region.administrative |
Europe and Central Asia
| |
okr.region.country |
Bulgaria
| |
okr.sector |
Finance :: Capital markets
| |
okr.topic |
Private Sector Development :: Privatization
| |
okr.topic |
Macroeconomics and Economic Growth :: Investment and Investment Climate
| |
okr.topic |
Law and Development :: Corporate Law
| |
okr.topic |
Finance and Financial Sector Development :: Microfinance
| |
okr.topic |
Small Scale Enterprise
| |
okr.topic |
Industry
| |
okr.unit |
Library & Archives ofDevelopment (IMTLA)
| |
okr.volume |
1 of 1
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