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Board-level Representation

There is no employee participation at board level in Bulgaria, but under certain circumstances employee representatives can have a consultative role in shareholders’ meetings.

Bulgarian companies can be set up with either a single-tier board or a two-tier board structure (with both a management and a supervisory board). Employees have no rights to board-level representation but, in public limited companies (AD) with 50 employees or more, specially elected employee representatives can participate in shareholders’ meetings on a consultative basis. In limited companies (OOD), these representatives can participate in meetings of the shareholders regardless of the number employed – but only on social issues.

The employee representatives exercising these functions are elected by the general meeting of all employees, or by the meeting of elected employee delegates, where a general meeting is not possible.

L. Fulton (2015) Worker representation in Europe. Labour Research Department and ETUI. Produced with the assistance of the SEEurope Network, online publication available at http://www.worker-participation.eu/National-Industrial-Relations.