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Azerbaijani parliament to improve corporate governance

Business Materials 22 December 2011 16:08 (UTC +04:00)

Azerbaijan, Baku, Dec. 22 / Trend N. Ismayilova /

Draft amendments to Azerbaijani Civil Code on improving corporate governance will be presented to parliament in 2012, State Securities Committee official Ilgar Muradov said on Thursday.

The draft amendment was prepared jointly with the International Finance Corporation (IFC) within the framework of program of technical assistance to introduce modern standards of corporate governance in Azerbaijan (ACGP).

"Today the amendments are under discussion in government and next year they will be given to Parliament," - Muradov said.

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