Open AccessCORPORATE GOVERNANCE OF STATE-OWNED ENTERPRISES: NATIONAL PRACTICES OF THE BOARD
Author(s) -
Spartak Keremidchiev,
Miroslav Nedelchev
Publication year - 2020
Publication title -
entrepreneurship
Language(s) - English
Resource type - Journals
ISSN - 2738-7402
DOI - 10.37708/ep.swu.v8i2.2
Subject(s) - nomination , remuneration , corporate governance , business , state owned , variety (cybernetics) , accounting , state (computer science) , shareholder , public relations , finance , political science , market economy , economics , algorithm , artificial intelligence , computer science , law
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.