Abstract
The paper aims at outlining the existing gaps in Bulgarian corporate governance compared to the standards and the state of corporate governance in developed market economies. The current state of corporate governance, the degree of ownership concentration as well as the strengths and weaknesses of corporate governance are examined for the fulfillment of this goal. On the other hand the current trends in development of corporate governance model in leading market economies are discussed. A conceptual model for modernization of corporate governance in Bulgaria is created.
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