State-owned enterprises to combat corruption through an integrity officer

The National Assembly has introduced a new requirement for state-owned enterprises to implement corruption risk management systems, which will also include appointing an integrity officer. The measure is recommended by the Organisation for Economic Co-operation and Development (OECD) and is part of the National Recovery and Resilience Plan approved by the European Union. The amendment was adopted at second reading and is recorded in the Public Enterprises Act.

The corruption risk management systems cover the selection of senior officials, measures for preventing conflicts of interest, methodologies for assessing and monitoring corruption risks, ethics and integrity training for employees, and the introduction of the position of integrity officer. The amendments also expand the powers of the Public Enterprises and Control Agency.

Edited by Ivo Ivanov

Translated by Kostadin Atanasov