OSCE Project Co-ordinator in Uzbekistan support workshop improving efficiency in corporate governance and compliance
On 3 February the OSCE Project Co-ordinator in Uzbekistan (PCUz) has launched a series of workshops on various aspects of corporate governance and compliance applicable to the specifics of state-owned enterprises in Uzbekistan. The series titled “Corporate governance of state-owned enterprises (SOEs): an overview of current practices in Uzbekistan and best international practices” is taking place online and will last until 24 February 2021.
The workshops, developed and presented by a team of international corporate governance and compliance experts from France, Switzerland and Ukraine, were designed for state regulatory bodies of Uzbekistan including the Antimonopoly Committee, State Assets Agency and Anti-Corruption Agency.
During the training sessions some 35 participants will be familiarized with best corporate governance practices and the 2020-2025 Strategy of Management and Reform of State-owned Enterprises of the Republic of Uzbekistan. Participants will discuss how to enhance Uzbek governance frameworks and look at current practices in Uzbekistan, as gathered by way of questionnaires.
“Good corporate governance in state-owned enterprises significantly improves the country’s economic growth and lowers its level of corruption. For that reason, promoting good governance practices and anti-corruption efforts is a priority of the OSCE,” said Hans-Ullrich Ihm, PCUz Senior Project Officer.
The overall objective of the workshops is to improve the understanding among supervisory board members and top management of Uzbek SOEs of corporate governance and compliance concepts, principles, issues, and best practices. Methodological assistance, developed training programme and relevant training material on compliance, and compliance methodology will be discussed.
This assignment is part of the extra budgetary Project “Support Uzbekistan in implementing and promoting business integrity standards” supported by Italy and the United States of America.