Fund Manager of Financial Instruments in Bulgaria EAD has a two-tier governance system. The governing bodies of the company are the Management Board, Supervisory Board and the sole owner of the capital, i.e. the State, which decides on matters within the competence of the general meeting of shareholders. The rights of the State in the company are exercised by the Finance Minister. As stipulated in the Management of Resources from the European Structural and Investment Funds Act, a Supervisory Board was elected, consisting of seven members designated by the Deputy Prime Minister responsible for the overall organisation, coordination and control of the system for managing ESIF financing, the Minister of Labour and Social Policy, the Finance Minister, the Minister of Regional Development and Public Works, the Minister of Economy, the Minister of Environment and Water Resources and the Minister of Agriculture and Food.