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, parties agreed to cooperate due to the following themes: cooperation with the interested parties for improvinglegislationacts; cooperation with the business, media, professional and nongovernmental organisations to increase awareness about corporate governance standards and practice in the world; cooperation for implementing Independent Directors institute and Corporate Governance Code in the country; as fas as organise conferences and seminars and publish articles and interviews via different kind of media sources.