On 29 March, the “Corporate Governance Center” NGO organised the 3rd training on “Anti-Corruption Compliance in Business” for the representatives of Business Companies in the scope of the “Armenia: Promoting Anti-Corruption Conduct and Reforms” Project implemented by the “Center for International Private Enterprise”, the “Armenian Lawyers’ Association” NGO, the “Corporate Governance Center” NGO and the “Yerevan Chamber of Commerce and Industry” with financial support of the National Endowment for Democracy.

The trainer, Mr. Aharon Chilingaryan, member of Board of the Armenian Institute of Directors, which is the sister organisation Corporate Governance Centre, the partner of BDO Accounting, Tax & Legal CJSC, presented to the participants the commitment of the Board of Directors as well as shareholders and top management to the issue of implementation of the program. He also pointed out what anti-corruption compliance is and why the companies need it, how to develop and reveal anti-corruption commitment, as well as how to protect employees from persecution and repression.

Trainer Arthur Harutyunyan explained who are considered third parties during the work with companies, and also what basic principles for their study should the boards of directors apply for their study (a risk-based study, a business justification, a continuous monitoring of the relationship with a third party).

Notably, Ms Narine Melikyan, President of Corporate Governance Center, presented not only the themes for the investment program, but also how to define the topics of training for the employees of the organisation after the implementation of the program, the frequency of their organisation, checking the knowledge of employees before and after the training, as well as the methods of consultation and cooperation to be implemented.

The objective of this project is to improve the perception of compliance issue by the Armenian business sector and its practical application, as well as the promotion of public-private partnerships to support anti-corruption reforms.

This material has been prepared in the scope of the “Armenia: Promoting Anti-Corruption Conduct and Reforms” Project implemented by the “Centre for International Private Enterprise”, the “Armenian Lawyers’ Association” NGO, the “Corporate Governance Centre” NGO and the “Yerevan Chamber of Commerce and Industry” with financial support of the National Endowment for Democracy. The contents of this material are the sole responsibility of the “Armenian Lawyers’ Association” NGO and can in no way be taken to reflect the views of the National Endowment for Democracy and the European Union.