DUSHANBE, April 22, Asia-Plus — Central Asia Corporate Governance Project (CACGP), funded by International Finance Corporation (IFC), is launching updated website –
www.ifc.org/cfcgp
– on work of its offices in Kazakhstan Kyrgyzstan and Tajikistan, Vadim Nigmatob, public relations assistant, CACGP Tajikistan, said.
According to him, the Project Manager Karl Bach noted that work of the website is one of important aspects of the Project.
The website contains information about goals and objectives, corporate governance, etc. Before that, the website contained information about work of the Project in Kazakhstan only. With expansion of the project activities to Kyrgyzstan and Kazakhstan the website has updated information about these three countries of the region.
In the coming two years, the project provides for conducting a series of seminars, trainings and individual consultations on a broad range of issues related to corporate governance for shareholders, members of directors’ boards and managers of joint-stock companies in Tajikistan, Nigmatov said. Besides, a number of banks competitively selected by the Project will participate in a pilot program aimed at development of their corporate governance practices.
Central Asia Corporate Governance Project is implemented and funded by the International Finance Corporation (IFC), the private sector arm of the World Bank Group.
The mission of the Project is to improve corporate governance practices of Central Asian joint stock companies and banks in order to increase their ability to attract investment.
To meet these objectives, the Project is working in Kazakhstan, Kyrgyzstan and Tajikistan on the following principle activities: working with joint-stock companies and banks to implement and improve corporate governance practices; advising on improvements to the legislation and regulatory environment regulating corporate governance issues; partnering with local educational and training institutions to help develop corporate governance programs targeted to the needs of the next generation of business leaders; and conducting a public education campaign to raise awareness about corporate governance among Central Asian population and shareholder base.
