Board of Directors

BEH EAD has a three-member Board of Directors:

  • Petar Iliev – Chairman of the Board of Directors
  • Petyo Ivanov – Executive member of the Board of Directors and CEO
  • Jivko Dinchev – Non-executive member of the Board of Directors

 

Audit Committee

The members of the Audit Committee of "Bulgarian Energy Holding" EAD are elected by the Minister of Energy, in his capacity of representative of the state as the sole shareholder of "Bulgarian Energy Holding" EAD pursuant to Art. 40, Paragraph. 1 and par. 2 in connection with paragraph 1 item 11 of the Supplementary Provisions of the Independent Financial Audit Act.

By Protocol № Е-РД-21-04 from 16.02.2015, issued by the Minister of Energy the following members of the Audit Committee of "Bulgarian Energy Holding" EAD are elected for a term of three years:

  • Nadezhda Dimitrova Sandolova - Hristova - Chairman;
  • Ognyan Georgiev Simeonov - member;
  • Magdalena Georgieva Lateva - member;

The committee has the following powers:

1. Monitor the financial reporting process in "Bulgarian Energy Holding" EAD;

2. Monitor and express an opinion on the effectiveness of the internal quality control systems and risk management related to "Bulgarian Energy Holding" EAD financial reporting;

3. Observe the independent financial audit of "Bulgarian Energy Holding" EAD

4. Review the independence of the registered auditor of "Bulgarian Energy Holding" EAD in compliance with the law and the Code of Ethics for Professional Accountants;

5. Prepare and conduct the procedure for selection of an independent auditor and recommend selection of a certified auditor to conduct an independent financial audit of "Bulgarian Energy Holding" EAD;

6. If irregularities and /or hazardous practices are detected at "Bulgarian Energy Holding" EAD shall immediately notify the Board of Directors and the Minister of Energy, giving specific recommendations for their elimination;