CORPORATE GOVERNANCE PILLARS IN THE FOUNDATIONS OF THE BLACK SEA TRADE AND DEVELOPMENT BANK – STABILITY AND TRANSPARENCE

Abstract

Located on a strategically focal point in the world business and political scale, the Black Sea region has always attracted the attention of economists, politicians, business leaders, academicians. One of the main institutions in the region that has played a vital role in its recent development and sustainable internationalization is undoubtedly the Black Sea Trade and Development Bank. The way it operates, its management structure and decision making processes are questions of interest – corporate governance interest. Within the scope of the study, the main corporate governance principles and good practices are briefly presented and a thorough research on how they are implemented in the institution is carried out. The main emphasis falls on the decision-making process that is to be undertaken in order to fulfill the institution’s fiduciary duties before its shareholders and stakeholders – the Member States.