Organisation of the stock exchange

Board of Directors

The MSE is organized as a joint-stock company with one-tier management. The Board of Directors is composed of 8 members, 7 non-executive members and 1 executive member:

   - Toni Stojanovski (Stopanska banka Skopje) - President

   - Petar Trpeski  (Sparkasse Bank Skopje)

   - Mihajlo Brova Zikov  (Komercijalna Banka Skopje)

   - Biljana Cvetkovska  (Central Securities Depository)

   - Ivana Gazic (Zagreb Stock Exchange)

   - Goran Anastasovski (Clearing House KIBS Skopje) - independent member

   - Ivan Misev (Advokatsko drustvo Papazovski i Misev) - independent member

   - Ivan Shteriev (CEO, Macedonian Stock Exchange) - executive member


To assist in the execution of its functions, the Board of Directors has set up the following bodies:

Listing Committee

  1. Zorica Asenova
  2. Ilco Lazareski
  3. Dragan Ilkovski
  4. Аleksandar Naumoski
  5. Goran Markovski

Disciplinary Committee

  1. Zorica Asenova
  2. Mihaljo Brova Zikov
  3. Emilija Brljamova
  4. Goran Anastasovski
  5. Irena Cvetkova

Arbitration Committee

  1. Vesna Paunkovska - Dodevska
  2. Saso Arsov
  3. Goran Markovski
  4. Zvonko Stankovski
  5. Samir Ljatif

Organizational Structure