Supporting corporate governance reform of SOEs: monitoring, assessment, recommendations

The project goal is to evaluate the progress in creating effective, transparent and accountable corporate governance of state-owned enterprises (CGSOE), which should be achieved through its reform. Achieving the project goal will be done through the implementation of three specific objectives: - Specific objectives 1: Information provision of the process of monitoring and evaluation of the CGSOE in 2021-2022. - Specific objectives 2: Evaluation of the state and dynamics of the CGSOE in 2021 and 2022. - Specific objectives 3: Development of institutional capacity for monitoring and evaluation of the CGSOE. It is envisaged that the work of the project implementation team will be concentrated in three main activities: ∙ Activity 1: Evaluation of the state of corporate governance of state-owned enterprises in 2021 ∙ Activity 2: Evaluation of the state of corporate governance of state-owned enterprises in 2022 ∙ Activity 3: Creating of a tool for self-assessment of the CGSOE and organization of training for its use. In implementing the project will update the publicly available information system on the CGSOE and the financial indicators of state-owned enterprises at address: www.cg-project.org, will prepare evaluations of the state and dynamics of the CGSOE in 2021 and 2022. Thus establishing an 7-year database will set up from 2016 onward, before the start of this reform, which will support civil oversight and support for responsible and open governance. The evaluation of the state of the CGSOE will identify the weaknesses and will make recommendations for its overcoming and reform in the context of Bulgaria’s commitments toward joining the ERMII exchange rate mechanism and Banking Union. It would constitute an important input of civil society to this priority of the country.

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