62-1 Corporate Governance Code for Commercial Banks 2009

Summary

The purpose of this Code is to help banks to implement effective corporate governance mechanisms characterized by separation of responsibilities, effective decision making, protection of shareholders’ rights, effective treatment of conflicts of interest, public disclosure of information, cheks and balances and so on, in order to ensure effective protection of shareholder, depositor, creditor, investor, and public interests.

Thumbnail image for The purpose of this Code is to help banks to implement effective corporate governance mechanisms characterized by separation of responsibilities, effective decision making, protection of shareholders’ rights, effective treatment of conflicts of interest, public disclosure of information, cheks and balances and so on, in order to ensure effective protection of shareholder, depositor, creditor, investor, and public interests.

Issuer

Georgia

Year

2009

Region

Europe

Issuer (type)

Association of Banks of Georgia (Government)

Policy Type

Other sustainability policy

Geographical scope

National

Mandatory or voluntary

Voluntary

Main industries targeted

Finance & Insurance
Professional, Scientific, & Technical Services

Restrictiveness

Moderate

Sustainable Development Goals (SDGs)

SDG 1: No Poverty
SDG 5: Gender Equality
SDG 6: Clean Water and Sanitation
SDG 10: Reduced Inequality
SDG 14: Life Below Water
SDG 16: Peace, Justice, and Strong Institutions