Workshops, conferences, round tables

The Center rates the publicly available coverage of corporate governance theory, practice and legal issues as the most important measure for promotion of corporate governance best practices. The Center organizes and holds workshops in group, individual and corporate formats.

 

Workshop “Risk management and the Board of Directors
2012 On June 8-9, 2012 the Center jointly with International Finance Corporation held the workshop “Risk management and the Board of Directors”, which focused on the role of top management in risk management and control processes.

 

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During the workshop were discussed the issues of risk management and governance in corporate governance system, the benefits of risk undertaking, the role of risks in the process of increasing the company’s value. The workshop was conducted by:

OLIVIERO ROGGI, the Chairman of International Risk Management Conference,

MAXINE GARVEY, IFC’s corporate governance chief specialist,

KIRIL NEJKOV, officer in IFC program in Europe and Central Asia, Master of international law. Representatives of more than 50 companies from different fields of Armenian economy participated in the workshop:

 

Specialized workshop “Corporate secretary in the company’s corporate governance system, 2013

The role of corporate secretary is highlighted in modern corporate governance system, and the success of the Board of Directors highly depends on him. Taking into account the significant role of corporate secretaries in creating proper corporate governance system, on June 26-28, 2013 the Center held the specialized workshop “Corporate secretary in the company’s corporate governance system“ which was aimed at equipping corporate governance specialists’ with theoretical and practical knoweldge and skills on corporate governance and the institute of corporate secretary.

 

seminar The workshop was conducted by:

NARINE MELIKYAN, Director of the Center,

ARTHUR HARUTYUNYAN, member of the Board of Trustees of the Center, Director of «AN Audit» CJSC,

ALEKSANDR KHACHATURYAN, Chief legal counsel of the Center.

Representatives of more than 20companies from different fields of Armenian economy participated in the workshop.

Specialized workshop “Corporate secretary in the company’s corporate governance system”

 

Workshop “Shareholders' rights and mechanisms for their protection

The pledge of success of joint-stock companies is the trust of shareholders and investors, the prerequisite for which is the presence of functional mechanisms for protection of shareholders’ rights and legitimate interests.

IMG_0001 IMG_0002The more transparent and efficient these mechanisms are, the more predictable and clear are the activities of the companies’ management bodies and officials, the more sound is the company’s corporate governance system and the more tangible are the advantages conditioned by the latter.
Taking into account the necessity of protection of shareholders’ rights in creating proper corporate governance system, on February 24-28, 2014 the Center held the workshop “Shareholders’ rights and mechanisms for their protection”,the main aim of which was to equip corporate governance specialists’ with theoretical knoweldge and practical skills on shareholders’ rights.

 

Family Businesses in Armenia” Round Table

Family businesses are the most important elements of economic system of Armenia, and economic security and stability of the country are due to their success. Taking into account the economic and social role of family businesses, on October 10, 2014, in “Elite Plaza” business center the Center held the round table “Family businesses in Armenia” with the participation of more than 20 participants of private, state and public sectors.IMG_0015
During the round table were represented and discussed the results of the research among Armenian family companies carried out by the Center, as well as the mechanisms for analysis and assessment of corporate governance practices aimed at improving the management of family businesses.
The research and round table were carried out with the support of International Finance Corporation, a member of the World Bank Group.

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Specialized workshop “Corporate secretary in the company’s corporate governance system

On May 20-22, 2015 the Center held regular specialized workshop “The Corporate Secretary in companies’ corporate governance system”, the aim of which was to equip corporate governance specialists’ with theoretical and practical knowledge on the activities of corporate secretary as well as to inform them on modern trends in corporate governance.

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The workshop was conducted by:
Narine Melikyan, Director of the Center,
Aleksandr Khachaturyan, Senior legal counsel of the Center.
Representatives about 20 companies from different fields of Armenian economy participated in the workshop.

 

Workshop “Corporate Social Responsibility and Non-financial Reports: Success due to responsibility

On June 25-26, 2015 the Center held a workshop “Corporate Social Responsibility and Non-financial Reports: Success due to responsibility”.

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The workshop aimed to develop knowledge and skills of participants in corporate social responsibility, its advantages, management features, as well as non-financial reporting.

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The workshop was conducted by:

Narine Melikyan, Director of the Center

Representatives of 22 companies participated in the workshop.

 

 

Roundtable “Corporate Ethics: Features of Armenian Companies

On November 10, 2015 the Center jointly with Armenian Institute of Directors held a roundtable “Corporate Ethics: Features of Armenian Companies”.

During the round table the speakers introduced the results of the survey on “Corporate Ethics: Features of Armenian Companies”,IMG_0003

as well as presented companies’ experience in corporate ethics, modern trends, the role of corporate ethics officers, including the board of directors, in promoting ethical behavior.

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The speakers were:

Narine Melikyan, Director of the Center

Boris Janjalia, IFC Advisory Services in Eastern Europe and Central Asia, Corporate Governance Officer:

 

 

Workshop “Corporate secretary in the company’s corporate governance system”

On November 11-13, 2015 the Center held a workshop “Corporate secretary in the company’s corporate governance system” for the employees of CARD group.

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The aim of the workshop was to develop theoretical and practical knowledge of CARD group’s employees in activities of corporate secretary, as well as to inform them about modern trends in corporate governance.

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The workshop was conducted by:

Narine Melikyan, Director of the Center

Misak Babajanyan, Legal Counsel.

 

 

Roundtable “G20/OECD Principles of Corporate Governance: motives and results of reforms”

On February 26, 2016 the Center jointly with Armenian Institute of Directors held a roundtable “G20/OECD Principles of Corporate Governance: motives and results of the reforms”.

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Narine Melikyan (Director of the Center) made a report and presented the content changes in G20/OECD Principles of Corporate Governance comparing them with the previous edition (2004).
60 representatives from 32 organizations participated in the roundtable.

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Workshop “Corporate Secretary in companies’ corporate governance system”, 2016

On March 22-24, 2016 the Center jointly with Armenian Institute of Directors held regular workshop “Corporate Secretary in companies’ corporate governance system”, the aim of which was to develop theoretical and practical knowledge of corporate governance specialists’ in activities of corporate secretary, as well as to inform them about modern trends in corporate governance.
The workshop was conducted by Narine Melikyan (Director of the Center):

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Forum “Corporate Governance issues and challenges in the Republic of Armenia”

On April 14, 2016 Faculty of Law of French University in Armenia, within the Senghor International Network of Chairs of the Francophonie, with cooperation of Central Bank of Armenia, Corporate Governance Center, TK Equity Partners Law Firm and Concern Dialog Law Firm held the forum «Corporate Governance issues and challenges in the Republic of Armenia». Thierry Favario(Professor at Jean Moulin University Lyon III of France), Misak Babajanyan and Aleksandr Khachaturyan (TK Equity Partners Law Firm), Narine Melikyan (Corporate Governance Center), Aharon Chilingaryan (Armenian Institute of Directors) and Tahmina Nurova (International Finance Corporation)delivered a speech at the forum. In their speeches the speakers addressed corporate governance issues in banks and family businesses, role of the board and its independent members,  role of lawyers and international financial institutions in corporate governance.

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Professors and students of french University in Armenia, Russian-Armenian (Slavonic) University, American University of Armenia, as well as representatives of Central Bank of Armenia, Ministry of Justice of the Republic of Armenia, Courts of general jurisdiction of administrative districts of Yerevan and regions, Armenia’s banks, credit organizations, fund managers, law firms, joint stock companies and private persons participated in the forum.

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Training “Managing the challenges of growth of small and medium enterprises”

On June 14-15, 2016 Corporate Governance Center, Armenian Institute of Directors and International Finance Corporation (IFC) jointly held the training “Managing the challenges of growth of small and medium enterprises”.

The training materials were developed based on IFC methodology. The aim of the training was to increase awareness of corporate governance principles and their practical application among SMEs. The main objectives of the training were to:
1) Explain what SME governance is, and how it supports competitive survival and growth.
2) Help SMEs to assess their governance system.
3) Provide entrepreneurs with practical guidance and tools to identify the priority governance changes most beneficial for their companies.
The training was designed for SMEs that are not beginners and have operated for some time, that are sure they have growth potential and seeks means providing business stability, continuous growth and development.
Representatives of over 20 organizations participated in the training.
The training was conducted by experts of Armenian Institute of Directors and Corporate Governance Center, as well as invited expert Alexey Volynets (IFC office in Washington).

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“Corporate Governance of State-Owned Enterprises” Round Table

The Corporate Governance Center jointly with the Armenian Institute of DireIMG_0007ctors held a roundtable “Corporate Governance of State-owned Enterprises” on December 6, 2016. The Round Table presented peculiarities of the corporate governance system of Armenian state-owned enterprises, corporate governance guidelines of sate-owned enterprises of the Organization for Economic Cooperation and Development as well as lessons of international practice to improve corporate governance system in state enterprises.
Narine Melikyan (Corporate Governance Center) and Boris Janjalia (International Finance Corporation) made their reports at the Roundtable Conference.

 

“Corporate Governance: Investments through Trust” Conference

The OSCE Office in Yerevan together with the Corporate Governance Center held a conference“Corporate Governance: Investments through Trust” on December 13, 2016.
The conference brought together more than 50 representatives of state agencies, international and local organizations, the private sector and media in Armenia.
Matthias Lichtenberger,Economic and Environmental Programme Officer at the OSCE Office in Yerevan and Narine Melikyan, Head of Corporate Governance CIMG_0015enter made opening speeches.
At the plenary session of the conference Oleg Shvirkov, Director of Corporate Governance at Deloitte CIS introduced the latest trends of corporate governance regulation in CIS countries. Speakers representing the public and private sector presented in detail the issues of institutional environment of Armenian corporate governance during the plenary session.
The conference focused on issues concerning the role of the Board of Directors, subtleties of family business management and planning of generation change, ethical and anti-corruption compliance and transparency of companies, the establishment of trusted relationships with beneficial owners and many others.

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Tigran Khacahtryan, deputy minister of  Economic Development and Investments in Armenia and Hayk Chobanyan, deputy director of the Union of Information Technology Enterprises presented Armenian experience in management of the public-private partnership.
“Card Agrocredit” and “SEF International” credit organizations, “Arpa-Sevan”, “Liqvor Pharmaceuticals” and “Alfa-Farm” joint-stock companies as well a

s “BSC” Business Support Center shared their experiences in the sphere of corporate governance.Ameriabank, Armenian Institute of Directors, Union of Credit Organizations of the Republic of Armenia, Institute of Internal Auditors-Armenia, “NASDAQ OMX Armenia”, “Paradigma Armenia”, “AN-Audit”, “TK & Partners” companies took active part in the conference activities.

 

“Shareholder Rights and Their Protection Mechanisms” Seminar

The Corporate Governance Center together with the Armenian Institute of Directors held a seminar “Shareholder Rights and Their Protection Mechanisms” from March 21 to March 23, 2017.
The need to protect shareholders’ rights and legal interests as a guarantee for maintaining investors’ trust and for companies’ successful activities was emphasized during the seminar. Fundamental rights of shareholders, mechanisms of their implementation and protection were presented in detail for the seminar participants.Shareholders’ responsibilities have also been under discussion.
The seminar was conducted by Narine Melikyan.1

 

 

“Corporate Governance as a Path to Long-Term Development” Seminar for Students of French University in Armenia

The Corporate Governance Center together with the Armenian Institute of Directors held a seminar“Corporate Governance as a Path to Long-Term Development” for Students of French University in Armenia on March 28, 2017. During the seminar the students were presented the role of corporate governance in long-term development of economy and companies, pillars of values andfundamental principles of corporate governance. Chief characteristics of corporate governance effective system and its main modern trends have also been clarified.
The seminar was conducted by Narine Melikyan.

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“Corporate Secretary in Corporate Management System” seminar for Senior Students of Agribusiness Teaching Center

The Corporate Governance Center and the Armenian Institute of Directors jointly held a seminar “Corporate Secretary in Corporate Management System” for senior students of Agribusiness Teaching Center on April 13, 2017.
A Corporate Secretary’s role in corporate governance was clarified for students drawing their attention on the following questions: how ‘Corporate Secretary’ institution has evolved, what mission a Corporate Secretary has in thecompany management system, what functions he performs, what capabilities, skills and personal qualities a Corporate Secretary should have.
The seminar was conducted by Narine Melikyan.

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“Board of Directors: Corporate Guidance” Seminar

The Corporate Governance Center jointly with the Armenian Institute of Directors held a seminar “Board of Directors: Corporate Guidance” from April 25 to April 27, 2017.
The seminar concentrated on the role of the board of directors in corporate governance system, the duties of the board of directors and its members as well as introduced factors influencing its effectiveness (composition, structure, activity planning, organization). The evaluation of the acitivities carried out by the board of directors and encouragement of the board members’ training practice have also been under consideration.
The seminar was conducted by Narine Melikyan.

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G20/OECD Corporate Governance Principles and Corporate Governance Framework in Armenia Round Table

The Corporate Governance Center and the Armenian Institute of Directors held “G20/OECD Corporate Governance Principles and Corporate Governance Framework in Armenia” Round Table discussion on May 5, 2017.
The Round Table brought together representatives of state agencies, international and local organizations, the private sector and media in Armenia.
Narine Melikyan, the head of the Corporate Governance Center made a Round Table opening speech.She highlighted the need to clarify and systematically implement international principles of corporate governance in the development of the country’s economic system as well as in maintaining public confidence in it. The speaker mentioned that for that very reason the Corporate Governance Center translated and published the G20/OECD Corporate Governance Principles revised in 2015 within the framework of agreement with the Organization for Economic Cooperation and Development.
The head of the Center introduced the main features of the G20/OECD Corporate Governance Principles and the developments following their revision.
David Ananyan, the Deputy Minister of Finance in Armenia delivered a speech and presented the current trends and developments in this sphere at the same time highlighting the role of the external audit in corporate transparency.
During his speech David Aghajanyan, the employee of the Ministry of Economic Development and Investments in Armenia discussed the Armenian experience, main issues and future plans of implementing corporate governance principles in state companies.
Konstantin Saroyan, the Chief Executive Officer of “NASDAQ OMX Armenia” introduced the supporting role of the Stock Exchange in the formation of effective corporate governance framework.
Aharon Chilingaryan, the chairman of the board of Armenian Institute of Directors concluded the round table discussion by clarifying the role of the Institute of Directors to establish the best working style in the corporate governance as well as introducing the Armenian Institute of Directors, its formation motives, its mission, current achievements and challenges.

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