CORPORATE GOVERNANCE OF STATE-OWNED ENTERPRISES: NATIONAL PRACTICES OF THE BOARD

Spartak Keremidchiev & Miroslav Nedelchev

 

Abstract

The purpose of this article is to present good practices, experience and ideas related to the organization and functioning of the board of state-owned enterprises. Corporate governance practices are represented by three characteristics of the board: nomination, composition and remuneration.

The results of the article reveal a wide variety of board practices in different countries. They are determined by the state ownership policy of the respective country. Various practices and experiences are presented, which can be included in a kind of menu for selecting appropriate tools to promote and strengthen the boards, and thus the corporate governance of state-owned enterprises in Bulgaria.

 

Keywords:

nomination, composition, remuneration

 

JEL Codes: D23, D86, G34, M12, P51

 

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