News: Silknet is bringing Ted Jonas onto its Supervisory Board
The shareholders of Silknet have appointed Ted Jonas, an American-qualified lawyer with over 25 years’ practice experience, to the company’s supervisory board as independent member (Independent Director). Ted is highly rated by the international legal rating agencies as one of the best business and finance lawyers dealing with Georgia.Jonas’s central function on the supervisory board […]
News: Place to Meet – Audit Committee
Regarding company’s internal control, in 1992, in the US COSO (Committee of Sponsoring Organization) published — Integrated Framework – The internal control COSO Framework. This framework was revised and reissued in 2013. The number of international or national (including Georgia) standards and laws are based on this framework. It is successfully used by the managers […]
Georgia-Romania 300-year old friendship – Kakha Baindurashvili’s article for Forbes
On February 9th, 2019 Georgian Rugby National team beat Romanian National team. There was one interesting fact associated with this particular match, it was devoted to celebrating 300-year ol friendship between Georgia and Romania. See the link: www.forbes.ge
Guidance on Audit Committees
National Reforms Support Fundation for Accounting, Reporting and Auditing together with the Independent Directors Association and JA Georgia issued an adapted version of United Kingdom’s Financial Reporting Council document’s, “Guidance on Audit Committees.” This document will significantly assist Georgian companies in implementing international standards of Corporate Governance. See the link:www.saras.gov.ge
Cooperation Memorandum with “Galt & Taggart”
On July 30th, 2019 Independent Directors Association and Georgia’s leading Investment Bank “Galt & Taggart” signed a cooperaion memoranum. The memorandum entails proactive participation of Independent Directors’ in implemeting high standards of Corporate Governance and cultivating institution of Independent Directors in Georgia.
Cooperation Memorandum with “Synergy Capital”
On June 4th, 2019 Independent Directors Association and Synergy Capital, one of the leading private equity funds in the country, signed a memorandum regarding cooperation. Memorandum entails proactive cooperation between parties in order to implement and encourage high standards of Corporate Governance in Georgia.
Corporate News: Changes to the Law on Securities Market
With the new draft law submitted to the Parliament, the National Bank of Georgia will be able to impose different kind of approaches for approving the prospectus of various types of securities. The issuers will be obliged to present all the necessary documents associated with the issuer’s securities. See More: www.forbes.ge
Corporate News: The National Bank of Georgia will Supervise over the Banking Groups
According to the draft law submitted to the Parliament, the National Bank of Georgia will have the authority to supervise both – commercial banks and banking groups. It means to assess the strength of the entire group taking into consideration all the risks that may affect the bank. . See More: www.bm.ge
News: TBC Bank Joins London Stock Exchange’s FTSE 250 Index
TBC Bank Group PLC is pleased to inform shareholders of the announcement from FTSE Russell on 31 May 2017 that TBC PLC shares will be joining the FTSE 250 Index. The inclusion will be implemented at the close of business Friday, 16 June 2017 and will take effect from the start of trading on Monday, 19 […]
Corporate News: Ways to Improve Corporate Governance Standards and Case Studies
International Finance Corporation’s (IFC) research – Corporate Governance Success Stories – demonstrates the business case for good corporate governance in the Middle East and North Africa. It shares the experiences of 11 companies that have made governance improvements over the past few years, summarising the changes they made and the impacts they reported. Please, see […]