Sascha Ternes has been appointed as a member of the Supervisory Board of the successful beer company “Zedazeni”
Independent Directors Association board member Sascha Ternes has been appointed as a member of the Supervisory Board of the successful beer company “Zedazeni”. We congratulate our colleague on his new appointment and wish him best of luck. See the link: www.comersant.ge
Conference on Corporate Governance organized by the NBG, IFC And The World Bank
On October 23rd, conference On Corporate Governance organized by the NBG, IFC And The World Bank was held in Tbilisi. Corporate Governance of Public Interest Entities in Georgia: What’s Next?23 October 2018Ministry of Finance, Conference HallGorgasali Street 16, Tbilisi AGENDA 10:00 Welcoming remarksHigh level introduction about the state of capital market reforms, role of corporategovernance […]
Code of Corporate Governance for Commercial Banks has been confirmed
National Bank of Georgia has confirmed Code of Corporate Governance for commercial banks. The goal is to support implementation of worldwide accepted practices in corporate governance, which as a result will reflect on effective functioning and sustaining of the banking sector in general. See the link:www.bm.ge
Sulkan Gvalia has been appointed as the new Independent Director at InecoBank
Sulkan Gvalia, member of the Independent Directors Association, has been appointed as the new Independent Director at InecoBank (Yerevan, Armenia). We congratulate Sulkhan on this success and wish him luck in actualizing his knowledge and experience in a new corporate setting. See the link: www.inecobank.am
Code of Corporate Governance
National Bank of Georgia published “Code of Corporate Governance for Commercial Banks.” See the link: www.nbg.gov.ge
Code of Ethics Principles and Standard of Professional Conduct for Commercial Banks
On July 9th, 2018, National Bank of Georgia approved “Code of Ethics Principles and Standard of Professional Conduct for Commercial Banks.” See the link: www.matsne.gov.ge
New Banking Regulations
New regulations in short term are going to reduce retail loan book in banking sector, increase demand on capital assets and decrease the pace of profitability growth. The same regulations will also cause consolidation in non-banking sector and moderately aggressive developments in investment banking. In long term, let us hope, these changes will improve quality […]
Independent Directors Association Members Meeting
On June 1st, 2018 a meeting took place among the members of the Independent Directors Association. A member, Kaha Baindurashvili, presented on the topic “Reviving Silk Railroad.” An interested discussion followed amongst the members after the presentation.
Independent Directors Association General Assembly
On May 17th, 2018 Independent Directors Association general assembly took place in Hotel Radisson Blu Iveria. Independent Directors Association member Tariel Gvalia presented an overview of the Association’s latest activities. A new member of the Association, an Independent Director of “JSC Silknet”, Ted Jonas was introduced. Mr. Jonas talked about his 24-year business experience and career […]
Influence of “soft law” on corporate governance
This article is about two types of sources that characterize and influence corporate governance. 1. informal nature, which is also called “soft law” and 2. source of corporate governance stemming from autonomous capacity of the parties involved, which is closely related to “soft law. This article also characterizes the approach of Georgian legislation towards the […]