Armenia has joined the list of those countries that have the Institute of Directors (IoD). The Armenian IoD was established with the efforts of the Centre for Corporate Governance Foundation. International Finance Corporation (IFC), a member of the World Bank Group, provided advice in corporate governance area. Establishment of Armenian IoD was driven by the necessity to form a professional society of Directors (Member of the Board of Directors, Executive Board Member, Corporate Secretary), strengthening their role, as well as the continuous improvement of their skills and experience.
The first upcoming event at the Institute of Directors will be provision of workshop/seminar called "Corporate Secretary's role in the companies' management system", to be held on May 20-22 in Yerevan ("Elite Plaza" business center). The specialized workshop will cover the development of qualifications of Corporate Secretary, Corporate Secretary's role in the company's corporate governance system, relations between Corporate Secretary and the Board of Directors, corporate documents management issues. Along with that, a practical work will be carried out to analyze and audit the company's corporate governance, preparation of the work plan for the Board of Directors, maintenance of registry of Board members and other issues. The seminar will be conducted in co-operation with the Center for Corporate Governance.