The website uses cookies that do not contain personal data and serve for the sole purpose of improving the user experience. Your presence on the website implies that you agree to the use of these cookies. For more details about personal data protection, please read the following link.
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

   - Mihajlo Brova Zikov  (Komercijalna Banka Skopje)

   - Ivana Gazic (Zagreb Stock Exchange)

   - Slavcho Filipchev (Grant Thornton)

   - Nina Nedanoska (Sparkasse Bank Skopje)

   - 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. Katerina Ilic Nonkulovska
  4. Аleksandar Naumoski
  5. Goran Markovski

Disciplinary Committee

  1. Zorica Asenova
  2. Mihaljo Brova Zikov
  3. Zarko Atanasovski
  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