News

On July 3rd, 2023, German Economic Association's and Independent Directors Association's joint business forum took place in Hotel "Rooms Tbilisi"....

World Bank published a new, 2021 report about Corporate Goverance Standards and Code. See the link: www.worldbank.org.com

The Capital Market Support Program is funded by the European Union and is implemented by the EBRD’s Capital & Financial...

National Bank of Georgia approved Corporate Governance Code for listed issuers of financial securities. The code's main objective is to...

Independent Directors Association Board member, Tariel Gvalia's article regarding Entrepreneurs. See the link: www.entrepreneur.com

Independent Directors Association board member, Gigi Glonti's article for Forbes Georgia about "What kind of assistance an Independent Director can...

Independent Directors Association board member, Tariel Gvalia has been appointed as a member of the supervisory board of Georgian Stock...

On March 25-25, 2021 Corporate Governance Workshop will be held in Rooms Hotel in Tbilisi. Event donor and organizer is...

Independent Directors Association member, Kaha Baindurashvili's interview with civil.ge. See the link: www.civil.ge

Independent Directors Association member Kaha Baindurashvili presented an online master class for 1,500 Georgian students.  Kakha Baindurashvili introduced the students...

Independent Directors Association member, Tariel Gvalia's interview with Business Media regarding Best Annual Report and Transparency Award (BARTA). See the...

On November 20th, 2020 Independent Directors Association and New Tiflis Institute organized a joint event. Independent Directors Association member Kakha...

The World Bank – European Union joint project – Georgia Financial Inclusion and Accountability, in partnership with the National Reforms...

Independent Directors Association member and Geocase Chairman Victor Kipiani's interview on the subject of "Regional interdependencies - a new opportunity...

Independent Directors Association Board member, Gigi Glonti's article regarding what aspects borrowers should take into account when dealing with banks...

Independent Directors Association member, Sasca Ternes gave an interview to the Caucasian Journal regarding challenges and opportunities facing the Georgian...

The Independent Directors Association welcomes Malkhaz Dzadzua as a new member. Mr. Dzadzua is a senior executive and business leader...

The role of the Supervisory Board in today's crisis Deloitte's article: See the link: www.deloitte.com

National Reforms Support Foundation for Accounting, Reporting and Auditing with the support of the European Union - World Bank joint...

The best corporate governance standards can help companies to improve their operation and make it easier for them to access...

During the recent years the successful launch of the Georgian corporate sector on the world’s  leading stock exchanges and the...

Independent Directors Association member, Gigi Ghlonti has been appointed as an Independent Director and a member of the Supervisory Board for...

Georgian path towards Denmark" Independent Directors Association member, Victor Kipiani discusses possible models for Georgian macroeconomic development. See the link: www.bfm.ge

The Service for Accounting, Reporting and Auditing Supervision (SARAS) has recently established an advisory committee in order to ensure the...

In March-April 2019, in collaboration with Ukraine Corporate Governance Academy and INSEAD Business School Corporate Governance Seminar took place in...

On March 14th, 2019, in Georgian Parliament a joint committee meeting took place among Finance-Budgeting and Economy, Economic Policy and...

The criteria of “independence” of the independent member of the supervisory board. See the link: www.forbes.ge

Georgia is an especially business-friendly country, according to the World Bank’s latest Ease of Doing Business index, in which its scored...

The Independent Director’s Association welcomes Ted Jonas as a newest member who brings 25 years of law practice experience to...

National Reforms Support Foundation for Accounting, Reporting and Auditing with the support of the European Union - World Bank joint...

Best practises in the corporate governance define the accountability and responsibility of the supervisory board. More specifically, board members’ diligence,...

March 13-14, 2018 Holiday Inn hosted a seminar: Building Business Integrity Across the Region: Armenia, Azerbaijan, Belarus, Georgia, Moldova, Turkey,...

General Provisions The purpose of given standards is to determine Independent Directors' principles of professional behaviors and norms. These standards...

On December 23 2017, Georgian Parliament made changes to the “Law of Georgia on Commercial Bank Activities” that emphasize the...

The modern corporate governance system’s  one of the fundamental issue is the legal protection of the minority shareholders' rights, which...

The Independent Directors Association welcomes Galina Alagardova as a new member. Galina, a citizen of Greece, is a Financial Management...

The German Business Association (Deutsche Wirtschaftsvereinigung), where Sascha Ternes serves as the Chairman of the Board has become a member...

The role of the Supervisory Board members in the modern and rapidly changing world is very important and varied. Board's...

In June, 2017 the Parliament of Georgia has adopted the Law on Accounting, Reporting and Audit, according to which majority...

Since 2016, the Georgian legislation has more and more amendments, the aim of the changes is to implement the best...

Establishment, operation, internal administration and state control over the accountable enterprises, same as public companies or open joint-stock companies, differs...

Risk-taking is a fundamental driving force in business and entrepreneurship, the cost of risk management failures is still often underestimated,...

Former head of pension reform service Otar Dzidzikashvili was appointed as the head of the Deposit Insurance Agency. The deposit...

On May 4, 2017, number of amendments and changes were introduced to the Georgian Law on Entrepreneurs, which establishes new...

Half of the surveyed small and medium-sized companies consider accessing into the market as the main challenge, remaining 40% consider...

The modern corporate governance system is familiar with the three systems that are typical for both -  Anglo-American and  Romano-Germanic...

On 5th December, 2017, Independent Directors Association’s members meeting was held at the hotel "Ambassadori". The meeting was attended by...

The existence of a comprehensive corporate governance system is inconceivable in terms of closing essential information about the company. Potential...

Regarding company’s internal control, in 1992, in the US COSO (Committee of Sponsoring Organization) published — Integrated Framework - The...

The shareholders of Silknet have appointed Ted Jonas, an American-qualified lawyer with over 25 years' practice experience, to the company's...

On February 9th, 2019 Georgian Rugby National team beat Romanian National team. There was one interesting fact associated with this...

National Reforms Support Fundation for Accounting, Reporting and Auditing together with the Independent Directors Association and JA Georgia issued an...

On July 30th, 2019 Independent Directors Association and Georgia's leading Investment Bank "Galt & Taggart" signed a cooperaion memoranum. The...

On June 4th, 2019 Independent Directors Association and Synergy Capital, one of the leading private equity funds in the country,...

With the new draft law submitted to the Parliament, the National Bank of Georgia will be able to impose different kind of approaches for...

According to the draft law submitted to the Parliament, the National Bank of Georgia will have the authority to supervise...

TBC Bank Group PLC  is pleased to inform shareholders of the announcement from FTSE Russell on 31 May 2017 that...

International Finance Corporation's (IFC) research - Corporate Governance Success Stories -   demonstrates the business case for good corporate governance in...

On 5th July 2017, in Tbilisi the conference: „Independent Directors: Key Benefits and Advantages for Corporations”took place. Independent Directors Association...

On May 3rd, 2017 the 9th meeting of Business Café was held at Holiday Inn Tbilisi. Mr. Sascha Ternes, Independent...

Over the past decades, with the growth of life expectancy and the ageing population, many countries have already adopted or...

The requirement for an independency of a supervisory board member falls under the "soft law" remit rather than the positive...

From 15th May 2016, changes in the Georgian Law on Entrepreneurs took effect, which require listed companies to have non...

Over the past decades, with the growth of life expectancy and the ageing population, many countries have already adopted or...

On 30th June 2017, BlueOrchard (a Swiss Impact Investment Manager with a representation office Tbilisi) has announced that TERNES Real Estate...

On March 12, 2019 the 5th annual Ring the Bell for Gender Equality Ceremony took place, hosted by the Georgian Stock Exchange...

Independent Directors Association board member Tariel Gvalia has been appointed as a member of National Reforms Support Foundation for Accounting,...

On November 26, 2018 Independent Directors Association meeting was held. Members presented reports on following topics: Kaha Baindurashvili - Armenia:...

Independent Directors Association board member Sascha Ternes has been appointed as a member of the Supervisory Board of the successful...

On October 23rd, conference On Corporate Governance organized by the NBG, IFC And The World Bank was held in Tbilisi....

National Bank of Georgia has confirmed Code of Corporate Governance for commercial banks. The goal is to support implementation of...

Sulkan Gvalia, member of the Independent Directors Association, has been appointed as the new Independent Director at InecoBank (Yerevan, Armenia)....

National Bank of Georgia published "Code of Corporate Governance for Commercial Banks." See the link: www.nbg.gov.ge

On July 9th, 2018, National Bank of Georgia approved "Code of Ethics Principles and Standard of Professional Conduct for Commercial...

New regulations in short term are going to reduce retail loan book in banking sector, increase demand on capital assets...

On June 1st, 2018 a meeting took place among the members of the Independent Directors Association. A member, Kaha Baindurashvili,...

On May 17th, 2018 Independent Directors Association general assembly took place in Hotel Radisson Blu Iveria. Independent Directors Association member Tariel...

This article is about two types of sources that characterize and influence corporate governance. 1. informal nature, which is also...

Mr. Tariel Gvalia visited Bank of Georgia University and gave a public lecture about the corporate governance standards.  Mr. Tariel Gvalia...

According to the memorandum, the parties take responsibility to conduct their practices so that to implement worldwide standards of corporate governance...

Nowadays in the world, it is impossible to manage a business successfuly without the implementation process of higher corporate governance...

EBRD assessment about the corporate governance standards in Georgia and Poland. See More:  www.businesscontract.ge 

Independent Directors Association board member Mr. Tariel Gvalia visited Society and Banks’ Economic Media School. Mr. Tariel Gvalia discussed Securities...

Interview with Mr. Tariel Gvalia, Independent Directors Association’s board member.  See More: www.businesscontract.ge

Independent Directors Association set up a new LinkedIn profile, through which visitors can get information about the association’s activities and...

Maka Ghaniashvili was appointed as the Association’s Project Manager. She has 10 years of working experience in the private and...

Interview with Dr. h.c. Sascha Ternes, Independent Directors Association’s board member.   See More: www.commersant.ge  

We are honored to welcome new members of the Independent Directors Association: Prof. Irakli Kovzanadze, Mr. Sulkhan Gvalia, Mr. Giorgi...

Newly established Independent Directors Association’s inaguration event was held at Holliday Inn. See More: www.ghn.ge

Independent Directors Association board member Mr. Tariel Gvalia took part in the training organized by the International Finance Corporation (IFC)....

Independent Directors Association board member Mr. Tariel Gvalia took part in the training „Independent Directors Role in Banks“ held by...

The Inauguration Event of the newly established Independent Directors Association took place on 10th June 2016. The presentation was attended...

Interview with Tariel Gvalia, „Independent Directors Association’s“ board member.  See More: www.commersant.ge