Code of Corporate Governance

This Code of Corporate Governance aims to establish the basic principles and rules on which the good corporate governance of Bulgarian Development Bank (the Bank) as well as of the companies of its group is based.

The Code of Corporate Governance takes into consideration the objectives of the Bank, the priorities in its activity laid down in article 2 and article 4 of the Bulgarian Development Bank Act as well as the Bank’s specific status with 100% share interest of the state as the Bank’s activity is regulated by a separate law.

While drafting this code the provisions of the Bulgarian, European and international law as well as the best internationally recognized practices of corporate governance have been taken into consideration.

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