Representatives of nine investment intermediaries selected Monbat as the public company with the best corporate governance, the results of an inquiry conducted by Profit.bg show. Representatives of a total of 13 investment intermediaries took part in the survey.

These included: Investbank, Status Capital, Real Finance, KTB Asset Management, Karoll, TBI Invest, Varchev Finance, Ug Market, Elana Trading, KD Securities, Sofia International Securities, Bea Corp and Naba Invest.

Billboard and Eurohold Bulgaria, which trailed significantly behind Monbat, occupied the second spot in the ranking with four votes each.

Enemona, Chimimport and Kaolin ranked third with three votes each.

Agria Group Holding, First Investment Bank and Industrial Holding Bulgaria only managed to take the number four spot with two votes each.

Sopharma, Investor.BG, KTB, Stara Planina Hold, Plovdiv-Yuri Gagarin BT, Sparky Eltos and Elhim Iskra received one vote each for their corporate practices.

CompanyVotesMonbat9Eurohold Bulgaria4Billboard4Kaolin3Chimimport3Enemona3Agria Group Hold2FIBank2Industrial Holding Bulgaria2Sopharma1Investor.BG1KTV1Stara Planina Hold1Plovdiv-Yri Gagarin BT1Sparky Eltos1Elhim Iskra1

Source: Profit.bg

Only six of the 16 companies that made it into the ranking are traded on the Official market of the Bulgarian Stock Exchange (BSE). The number of companies that are traded on the most prestigious segment of the Official market is even smaller and they are not even among the leaders in the ranking.

Nevertheless, one of the requirements for the companies to be listed on BSE's Official market is the adoption and the observation of the principles included in the National Corporate Governance Code.

A ranking of the public companies with the worst corporate governance is also coming soon.

The article reflects the personal view of the participants in the inquiry and should not be perceived as а recommendation for buying/selling stock.

Photo: Alexander Bobokov, management board chairman, Monbat (Profit.TV)