NEW ASPECTS IN CORPORATE GOVERNANCEOF THE PUBLIC ENTERPRISES IN BULGARIA

Ivan Yovchev ()
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Ivan Yovchev: University of Economics –Varna, Bulgaria

Economic Science, education and the real economy: Development and interactions in the digital age, 2020, issue 1, 433-444

Abstract: The report provides a brief analytical review of the current corporate governance requirements of public enterprises in Bulgaria, introduced by the new Public Enterprises Act. There is a great degree of compliance of the regulatory requirements for good corporate governance in Bulgaria with the standards, included in the OECD Guidelines on Corporate Governance of State-owned Enterprises. The role of public enterprises is outlined -especially in crisis situations such as the pandemic, due to COVID-19. On the basis of a chronological review, it is found that certain approaches to monitoring and controlling the financial position of state-owned enterprises, especially in times of crisis, are unjustifiably ignored. Some problems in the corporate governance of the public enterprises are outlined and guidelines for their overcoming are indicated.

Keywords: Corporate Governance; Public Enterprises in Bulgaria; OECD Guidelines on Corporate Governance of State-Owned Enterprises; Crisis situations (search for similar items in EconPapers)
JEL-codes: G34 (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:vrn:cfdide:y:2020:i:1:p:433-444

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