Popularising the corporate governance principles and encouraging the public companies in Bulgaria to adopt them is a part of the long term policy of Bulgarian Stock Exchange – Sofia for increasing the confidence of the domestic and international investors, as well as of the general public, in the management of the companies traded on the Bulgarian capital market.
BSE-Sofia believes that the improvement of the corporate governance quality of the companies in Bulgaria is essential for strengthening their competitiveness and attracting foreign investors.
|Therefore, BSE-Sofia was among the initiators and one of the most active participants in the development of the National Corporate Governance Code in 2006 and 2007. Over a period of one year a Task Force comprised of representatives from the Bulgarian business community, government and non-government organizations, and the academic community worked jointly to make the Code a reality.
The final text of the Code included recommendations from Bulgarian and international experts. The National Corporate Governance Code was officially presented on 10 October 2007.
BSE-Sofia believes that the National Corporate Governance Code is a step forward in the establishment of contemporary rules and norms of the public companies’ management in Bulgaria. In that connection, on 17 October 2007 the Board of Directors of BSE-Sofia took a decision to adopt the National Corporate Governance Code, thus replacing the existing Corporate Governance Code of BSE-Sofia.
According to BSE-Sofia Rules and Regulations, issuers willing to be admitted to trading on the BSE Main Market, “Premium” Equities Segment, are obliged to carry out their activity in conformity with the National Corporate Governance Code, approved by the Exchange. Adoption and implementation of the Code by the companies, traded on the other markets and market segments, is recommendable and depends on their own choice.
List of the public companies that have declared to comply with the principles of the National Corporate Governance Code is available below.
|Advance Invest AD-Sofia|
|Agria Group Holding AD-Varna|
|Aktiv Properties REIT-Plovdiv|
|Albena Invest Holding AD-Albena|
|Alfa Property 1 REIT-Sofia /in liquidation/|
|Arteks Engineering AD-Sofia|
|Bulgarian River Shipping AD-Ruse|
|Bulgarian Stock Exchange-Sofia|
|Bulgarska Roza-Sevtopolis AD-Kazanlak|
|Bulvesta Holding AD-Sofia|
|CB Bulgarian American Credit Bank AD-Sofia|
|CB Central Cooperative Bank AD-Sofia|
|CB Corporate Commercial Bank AD-Sofia|
|CB First Investment Bank AD-Sofia|
|CBA Asset Management AD-Veliko Tarnovo|
|Doverie United Holding PLC-Sofia|
|Eurohold Bulgaria AD-Sofia|
|Euroterra Bulgaria AD-Sofia|
|FairPlay Properties REIT-Sofia|
|Holding Nov Vek AD-Sofia|
|Holding Varna AD-Varna|
|Industrial Holding Bulgaria PLC-Sofia|
|Lead and Zinc Complex PLC-Kardzhali|
|Men Investment Group AD-Sofia|
|Moststroy AD-Sofia /in bankruptcy/|
|Nash Dom Bulgaria Holding AD-Sofia|
|Nikrom Trabna Mebel AD-Lovetch|
|Odessos Shiprepair Yard AD-Varna|
|Oil and Gas Exploration and Production AD-Sofia|
|SAF Magellan AD-Sofia|
|Serdika Properties REIT-Sofia|
|Sparky Eltos AD-Lovech|
|Stara Planina Hold AD-Sofia|
|Synergon Holding AD-Sofia|
|Technology and Innovation Corporation AD-Plovdiv|
|Trace Group Hold AD-Sofia|
|Velgraf Asset Management AD-Sofia|