“G20/OECD Principles of Corporate Governance” workshop

ArmInfo.Staying true to its practice, the Corporate Governance Center translated the G20/OECD Principles of Corporate Governance revised in 2023.

As the international benchmark for corporate governance, the Principles help policy makers evaluate and improve the legal, regulatory, and institutional framework for corporate governance. They also support companies in improving their governance framework, managing environmental and social risks, and identifying new development opportunities.

The Principles were first issued in 1999. They undergo regular revisions. The most recent revision occurred in 2023.

The key strategic goals of the Principles include:

• Promoting access to investment, innovation, productivity growth, and economic dynamism more broadly,
• Protecting investors, including households with invested savings, promoting the transparency and accountability of board members and executives,
• Supporting the sustainability and resilience of companies, and thus the sustainability and resilience of the broader economy.

Emphasizing the stakeholders' awareness and comprehension of the Principles, the Corporate Governance Center is convening a workshop on March 21 which aims not only to present the G20/OECD Principles of Corporate Governance but also through their perspective delve into the most significant corporate governance topics and identify the features of Armenia’s corporate governance landscape.

Several esteemed experts were invited to the Workshop as speakers: Hagen Schweinitz, Global Practice Leader of Board & Governance Advisory Practice at Eric Salmon & Partners, Thomas Dannequin, Policy Analyst at Capital Markets and Financial Institutions Division of OECD, Sabine Everaet, Independent Board Member at the Belgian companies Datatec and ING Belgium, Ekaterina Lysova, Program Director for Europe & Eurasia at CIPE, Ann Sultan, Partner of Miller & Chevalier, Valeria Fazio, Partner of BDO Italy.

In their speeches, within the context of the G20/OECD Principles of Corporate Governance, they will address the role of the board of directors within the evolving business world and emerging challenges, integration of digital technologies into the corporate governance framework, corporate integrity, and ethical leadership, the interplay between corporate governance and investment attractiveness, as well as sustainability and business resilience issues.

As for Armenia's corporate governance landscape, representatives from the RA Central Bank, the Ministries of Economy and Justice, and the Corruption Prevention Commission will present its features and development trends.

The Workshop is being organized with the support of the Commercial Law Development Program (CLDP) of the US Department of Commerce.