ArmInfo. The Ministry of Economic Development and Investments held the first meeting dedicated to the creation of an interdepartmental working group on reforming the Corporate Governance Code. The meeting was chaired by the head of the department Tigran Khachatryan.
He said that the Corporate Governance Code was developed in 2010, but over 8 years the business environment in the country has changed. And the introduction of the principles of corporate governance has become an urgent need, since the creation of a new culture of corporate governance is aimed at solving today's urgent tasks, and first of all towards the development of a capital market in the country.
Head of the Corporate Governance Center Tigran Karapetyan noted that the existing Corporate Governance Code, which no one has adhered to before, has lost its relevance and needs serious adjustments in accordance with the principles of the Organization for Economic Cooperation and Development (OECD / OECD).
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