Corporate News: The Conference: „Independent Directors: Key Benefits and Advantages for Corporations” took place
On 5th July 2017, in Tbilisi the conference: „Independent Directors: Key Benefits and Advantages for Corporations”took place. Independent Directors Association and the European Bank for Reconstruction and Development (EBRD) jointly organized the conference with the support of the Ministry of Economy and Sustainable Development of Georgia. Irma Kavtaradze, Deputy Minister of Economy and Sustainable Development, […]
Corporate News: Business Café meets up for the 9th time
On May 3rd, 2017 the 9th meeting of Business Café was held at Holiday Inn Tbilisi. Mr. Sascha Ternes, Independent Directors Association’s board member, Managing Partner at TERNES Real Estate Fund LLC and former CEO of ProCredit Bank spoke about organizational culture, business ethics and corporate management. About Business Café:Business Café is a project initiated […]
Corporate News: Pension Reform and Corporate Governance
Over the past decades, with the growth of life expectancy and the ageing population, many countries have already adopted or are in the process of pension reform. In most cases, pension reform does not only serve to demographic problems and becomes as a catalyst for development of the capital market in the country. What does […]
News: Independent director/Member of the supervisory board – as part of the mosaic
The requirement for an independency of a supervisory board member falls under the “soft law” remit rather than the positive laws. With that in mind, a general term by the Law on Entrepreneurs shall suffice provided that the corporate governance code will elaborate on it further through combining so-called “positive” and “negative” tests. See More: www.bm.ge
Corporate News: Modern Profession- „Independent Director“
From 15th May 2016, changes in the Georgian Law on Entrepreneurs took effect, which require listed companies to have non affiliated members with the company in the supervisory board – independent directors. Their roles, liabilities and responsibilities differ from the executive directors. The article below discusses the duties and role of independent directors in the […]
Corporate News: Pension Reform and Corporate Governance
Over the past decades, with the growth of life expectancy and the ageing population, many countries have already adopted or are in the process of pension reform. In most cases, pension reform does not only serve to demographic problems and becomes as a catalyst for development of the capital market in the country. What does […]
Corporate News: Sascha Ternes appointed as Senior Vice President of BlueOrchard
On 30th June 2017, BlueOrchard (a Swiss Impact Investment Manager with a representation office Tbilisi) has announced that TERNES Real Estate Fund, the pioneer in collective real estate investments in Georgia, will gradually pass into BlueOrchard’s real estate activities. At the same time, BlueOrchard has appointed Dr. h.c. Sascha Ternes as Senior Vice-President, Real Estate. BlueOrchard […]
On March 12, 2019 the 5th annual Ring the Bell for Gender Equality Ceremony took place
On March 12, 2019 the 5th annual Ring the Bell for Gender Equality Ceremony took place, hosted by the Georgian Stock Exchange in cooperation with International Finance Corporation (IFC) and UN Women in Holiday Inn, Tbilisi. The aim of the event was to discuss implications of the new regulation in Georgia which requests financial sector companies to […]
Tariel Gvalia has been appointed as a member of National Reforms Support Foundation for Accounting, Reporting and Auditing
Independent Directors Association board member Tariel Gvalia has been appointed as a member of National Reforms Support Foundation for Accounting, Reporting and Auditing. We congratulate our colleague on his new appointment and wish him best of luck. See the link: www.bm.ge
On November 26, 2018 Independent Directors Association meeting was held
On November 26, 2018 Independent Directors Association meeting was held. Members presented reports on following topics: Kaha Baindurashvili – Armenia: the Dire Rankings Behind its Velvet Revolution Kaha Baindurashvili – Reviving Silk Road Sulkhan Gvalia – Armenian Banking System Interesting discussions emerged from the above-mentioned themes.