According to the memorandum, the parties take responsibility to conduct their practices so that to implement worldwide standards of corporate governance in Georgia based on the principles of collaboration, partnership and mutual support.

To achieve the above-mentioned goals, Independent Directors Association is determined to utilize its corporate resources and information database, as well as members' intellectual resources, experience and knowledge. In return, BusinessMedia is going to place materials carrying relevant themed information provided by the Association and its members, using media resources such as information agency  BusinessContract, television broadcasts  "BusinessContract", "Business Morning" ("საქმიანი დილა") and others.