Mission

Improve Armenia’s business environment

Goals

The Business Integrity Club is the first private sector-led Collective Action initiative of the Armenian business community. Its main objectives are to:

• Promote a culture of integrity
• Implement corporate governance standards
• Improve transparency and accountability in Armenia’s business environment
• Stimulate inclusive economic growth
• Support the inflow of constructive capital

Stakeholders

The Club’s first meeting took place in February 2021 under the leadership of Armenia’s Corporate Governance Center (CGC), which serves as the Club’s Secretariat. The Club’s activities are supported by the Center for International Private Enterprise (CIPE).

Any private sector entity can become a Club member once it signs and adopts CGC’s Anti-Corruption Declaration and the Membership Rules which will go into effect in the beginning of 2022.

Activities

The Club’s motto is “Integrity, Trust, Investments” and its main activities include:

• Awareness-raising events for members on the issues related to corporate governance, integrity and anti-corruption compliance;
• Capacity building sessions for Club members, including review of the members’ corporate governance systems;
• Improved cooperation between Armenia’s public and private sectors;
• Advocacy support to promote reforms that incentivise the implementation of business integrity and corporate governance standards by both the public and private sector stakeholders, among other legislative initiatives.

The CGC will begin conducting an annual review of the Club’s members in 2022. The review will include the assessment of the degree of implementation of the Anti-Corruption Declaration and the compliance with the Membership Rules.