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 pension reform mean and what kind of  role does it have in corporate governance standards? The following article is discusses these issues.

 See the article: www.forbes.ge

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