The Business Integrity Club is the first private sector-led Collective Action initiative of the Armenian business community to improve Armenia’s business environment by promoting a culture of integrity and implementing corporate governance standards.

The Club’s first meeting took place on 5 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).

The goal of the Business Integrity Club is to improve the transparency and accountability of Armenia’s business environment, stimulate inclusive economic growth and thereby support the inflow of constructive capital, defined as rule of law-driven investments that are market-oriented and follow best governance practices.

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.

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.

Prospective members are also encouraged to:

• Watch the video about the Club;
• Contact the CGC with any questions about the Club and its Membership Rules.

The CGC will also 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.