Welcome to AmCham Azerbaijan

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Legal & Compliance

Legal & Compliance Committee was formed as a working group in 2017 to address legal and compliance issues faced by AmCham member companies operating in the Republic of Azerbaijan. The working group gained committee status in 2018.AmCham Legal and Compliance Committee focuses on the analysis of legislative and compliance issues influencing the investment climate in Azerbaijan. Input to AmCham White Paper is one of the main activities of the Committee. Leveraging the expertise of lawyers, economists and business leaders the Committee provides a ground for constructive discussion of issues affecting the investment attractiveness in Azerbaijan. Committee also provide strategic guidance and recommendations to the Board of Directors on the Chamber’s communication with regulatory authorities, law makers and government. Review and monitor the Chamber’s compliance and risk management activities and the effectiveness of any compliance and risk management programs established by the Chamber is another focus of the Committee. 

FMCG

The mission of FMCG Committee is to contribute to the improvement of legislation and legal practice in the areas of commercial and company law, as well as to promote standards of best practice in marketing goods and services. The issues of product safety, consumer protection, advertising etc. are of great public concern, abundant however in grey areas not yet being subject to legal scrutiny.The FMCG Committee is constantly working on the questions below to be addressed:• What are the legal requirements for the product to be marketed?• How to market the product lawfully?• How to abide by law in contacting consumers and competitors when marketing the product?Powered by Froala Editor

Marketing, Communications and Business Development

The strategy of the working group is based on a demand-driven transformation approach focused on mega-trends, relevance and value proposition for the marketers and their key stakeholders. As the leading business association in the country, AmCham aims to address these expectations of its members in order to support and maintain a transparent and sustainable business environment in Azerbaijan. 

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Some Facts about AmCham Azerbaijan

The American Chamber of Commerce in Azerbaijan is a leading private, non-profit business association supporting and promoting the interests of foreign and local businesses in Azerbaijan. Established in 1996, AmCham is composed of over 260 Regular and Associate Member Companies active in every sector of the Azerbaijani economy. AmCham Azerbaijan represents nearly 80% of all foreign investment, as well as a significant portion of local investment, in Azerbaijan. Through its 9 industry sector committees, Member Companies are able to share information, raise issues of common concern and propose possible solutions. Being one of the largest and the most influential organizations in the country AmCham provides the best networking opportunities. Other membership benefits include access to the data on the latest tendencies in the market (through such information resources as AmCham White Papers, AmCham Annual Reports, IMPACT Azerbaijan Quarterly Magazines, Annual National Employee Salary Surveys, Quarterly Inflation Surveys); Member-to-Member Discount Program offers; U.S. Business Visa Facilitation Program benefits, etc.

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MEMBERSHIP TYPES

There are two types of AmCham affiliation: MEMBERS and ASSOCIATES with annual fees applied

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Immediately stay up to date with every members news updates

“Unicapital İnvestment Company” OJSC Unveils a Discount on Commissions for Wealth Management

8 May 2024

SABIS® SUN International School Invites AmCham Members to Open Day event

2 May 2024

Unity in Innovation: R Group Holding Unveils 'Yonca' at Upcoming Caspian Agro Azerbaijan International Agricultural Exhibition

30 April 2024

AMENDMENTS OF THE CABINET OF MINISTERS TO THE RESOLUTION "NORMS OF BUSINESS TRIP EXPENSES"

18 April 2024

SABIS SUN INTERNATIONAL SCHOOL ANNOUNCES EXCLUSIVE CORPORATE DISCOUNT FOR AMCHAM MEMBERS

15 April 2024

Deloitte Azerbaijan is pleased to provide you with this brief overview of the Azerbaijani personal tax and compliance procedures. For your convenience, this guide is presented as a list of FAQs and you can contact us to discuss your specific situation.

9 April 2024

Master class "Strategic Risk Management" by EY Academy of Business CCA

2 April 2024

Nowruz happenings at Four Seasons Hotel Baku

19 March 2024

IFTAR AT COURTYARD BAKU

19 March 2024

Passion moves us forward

19 March 2024

Spring Happenings at Four Seasons Hotel Baku

12 March 2024

Dive into Digital with Cubics: Simple Solutions, Big Results

7 March 2024

March Happenings at Four Seasons Hotel Baku

5 March 2024

Women's Day Happenings at Four Seasons Hotel Baku

19 February 2024

Unlocking Productivity and Connection: How SmartPoint Intranet Transforms Corporate Culture

19 February 2024

PwC INVITATION to Online Webinar: Mastering Dispute Resolution: Unveiling the Innovation of the Legal Consortium for Arbitration and Mediation (LCAM)

15 February 2024

Cyber and Technology News Digest for January

14 February 2024

February Happenings at Four Seasons Hotel Baku

13 February 2024

SMART business – a partner in building a comprehensive IT ecosystem of solutions for transforming business processes

12 February 2024

Key Transfer Pricing Compliance Aspects for 2024

30 January 2024

Book ski instructors directly on Shahdag website!

30 January 2024

Heydar Aliyev Cup - Registration Now Open!

29 January 2024

February Happenings at Four Seasons Hotel Baku

29 January 2024

Live stream: IFRS Consolidation in Practice with SAP BPC

9 January 2024

January Happenings at FS Baku

8 January 2024

SİMA İmza became the winner of the MilliNet and NETTY competitions

19 December 2023

Top law firm in Central Asia - Chambers Asia-Pacific 2024 ranks Dentons as a leader in the region

14 December 2023

Dentons affirms its strong standing in Europe in 2023 edition of IFLR1000.

14 December 2023

Festive Happenings at Four Seasons Hotel Baku

11 December 2023

Festive Happenings at Four Seasons Hotel Baku

6 December 2023

Exciting Partnership Alert: Bloom Group is now partners with BBDO CA, part of BBDO Worldwide – the most awarded global advertising agency

30 November 2023

Festive Season at Hilton Baku

30 November 2023

Get a business loan from PASHA Bank with “SİMA İmza” without leaving the office!

28 November 2023

FOUR SEASONS HOTEL BAKU DECEMBER HAPPENINGS

27 November 2023

Number of users of SİMA İmza application has exceeded 500,000

23 November 2023

AzInTelecom starts cooperation with an influential company of South Africa

22 November 2023

Introducing Festive Offers at Four Seasons Hotel Baku

20 November 2023

Apply for a loan with SİMA İmza without providing any documents!

20 November 2023

Discover the world of opportunities at InMerge Innovation Summit!

20 November 2023

"Educational Management Summit" will be organized jointly by Roof Academic Training Educational Company and Facemark

20 November 2023

Purchase a house with SİMA İmza in the SHCA “Affordable Housing” system!

17 November 2023

FOUR SEASONS HOTEL BAKU NOVEMBER HAPPENINGS

6 November 2023

November Happenings at Four Seasons Hotel Baku

30 October 2023

SOME AMENDMENTS AND CHANGES TO THE TAX CODE OF THE REPUBLIC OF AZERBAIJAN FOR 2024

26 October 2023

EY announces the launch of EY Entrepreneur Of The Year™ 2023-2024

4 October 2023

Prevent someone else from signing a document on your behalf with SİMA İmza!

2 October 2023

“CEHİZ” LAYİHƏSİ": DIALOGUE BETWEEN GENERATIONS AND STUDYING DOWRY CULTURE IN AZERBAIJAN

22 September 2023

VOLVO: For Life

20 September 2023

Hospitality Law in Azerbaijan

20 September 2023

5000 AZN gift for teachers and their family members at Greenville Residence!

20 September 2023

12.5 thousand IMEI codes connected to the network with more than 1.3 million numbers were assigned the “clone” status

19 September 2023

International Astronautical Congress in Baku brings excitement and business opportunities

11 September 2023

SEPTEMBER HAPPENINGS AT FS HOTEL BAKU

11 September 2023

Log in the electronic cabinet on E-taxes.gov.az using SİMA Token!

11 September 2023

74th International Astronautical Congress

5 September 2023

SEPTEMBER HAPENINGS AT FOUR SEASONS HOTEL BAKU

4 September 2023

Motorcycle Festival at Shahdag Mountain Resort

24 August 2023

Founding partner of Legalize Law Firm becomes a Fellow of the Chartered Institute of Arbitrators

18 August 2023

Deadline for Sponsorship and Exhibition Application at the 74th International Astronautical Congress extended

18 August 2023

Amelioration and Water Farm partially transferred its informatıon systems to the Government Cloud

17 August 2023

ROOF Academic Training yeni TOP TALKS layihəsi ilə qarşınızdadır

15 August 2023

Opening new bank accounts has become easier with SİMA

15 August 2023

Veyseloglu Group of Companies Announces its Monthly Retail Price Index

8 August 2023

Never Ending Summer Happenings at Four Seasons Hotel Baku

7 August 2023

Legal Updates presented by BAKER TILLY

4 August 2023

Digitalization on Boards 5th Edition by Amrop

2 August 2023

Enhance Your Career in Auditing: Enroll in EKVITA Academy's Training Program

31 July 2023

Destination Fabulous Summer Happenings at Four Seasons Hotel Baku

31 July 2023

Limited Time Offer by PASHA Property Management for AMCHAM Members at Knightsbridge Residence

26 July 2023

EKVITA CONDUCTS ANTI-BRIBERY COMPLIANCE TRAINING FOR PRIVATE AND PUBLIC SECTOR ORGANIZATIONS.

11 July 2023

Exclusive Offer for AmCham Members: 5% Discount on Greenville Premium Residence Apartment Purchases

6 July 2023

Tax and Legal newsletter presented by BAKER TILLY

6 July 2023

5 tools to increase corporate sales with Cubics BMS

25 June 2023

Tax and Accounting Bulletin 2023

23 May 2023

Latest changes to legislation in April 2023

4 May 2023

Trade in your premium car to Volvo and get a special discount of 2 000 AZN

1 May 2023

SPRING HAPPENINGS AT FS HOTEL BAKU

1 May 2023

Four Seasons Hotel Baku Spring Happenings

3 April 2023

Four Seasons Hotel Baku February Happenings

13 February 2023

FOUR SEASONS HOTEL BAKU FEBRUARY HAPPENINGS

6 February 2023

“Nar” continues vocational training for special people in 2023

24 January 2023

Remaining time to start of AmCham Sustainable Development & Corporate Impact Committee’s July meeting

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Important highlights from AmCham Events
25 June 2024

AmCham Annual General Meeting 2024 was held

American Chamber of Commerce in Azerbaijan (AmCham Azerbaijan) held its Annual General Meeting (AGM) on June 25, 2024. This significant event featured the elections for the Board of Directors and the President of AmCham Azerbaijan.Mr. Ilkin Hajiyev from Sustainera Research and Consulting Services was elected as the Chairman of the General Meeting, while Mr. Yusif Abbasov and Mr. Abdulla Huseynli were elected as the tellers. Mr. Hajiyev introduced the 13 candidates running for 10 vacant positions on the Board of Directors. During the ballot counting, Former President of AmCham Azerbaijan, Ms. Nargiz Nasrullayeva-Muduroglu delivered a comprehensive presentation on the accomplishments achieved during her presidency and concluded with a farewell speech. She highlighted the achievements and initiatives during her tenure and expressed her gratitude to the AmCham community for their dedication and contributions. Ms. Nasrullayeva-Muduroglu also extended her best wishes to the new Board of Directors in their ongoing efforts to fulfill the Chamber’s mission and strategic objectives.The anonymous voting process involved authorized representatives of AmCham Regular Members, all of whom have a strong business reputation and standing in the community. The Chairman of the AGM announced the election results for the new Board members, who will serve a two-year term from 2024 to 2026. The newly elected Board members are:Rana Mammadova, Coca-Cola Azerbaijan Dayanat Sadullayev, PASHA HoldingZaur Gurbanov, SOCARZaur Allahverdizade, Baker Hughes Services Representative Office in Azerbaijan and GeorgiaImran Ahmadzada, NEQSOL Holding Kanan Tabasaransky, Smart Solutions GroupKamil Valiyev, Dentons Oscar Bogopolskiy, McDonald’s AzerbaijanNuran Kerimov, Deloitte AzerbaijanBabek H. Aghayev, PROSOL CompanyAmong these elected Board Members, Mr. Dayanat Sadullayev from PASHA Holding was elected as the President of AmCham Azerbaijan.The AGM concluded with a speech by Ms. Gulnara Aslanbayli, who extended her best wishes to the newly appointed President and Board Members.Click for all the media from the eventClick for the highlights from the event

7 May 2024

AmCham Hosted "Meet Your Candidate" Cocktail Reception

Reflecting on a cherished annual tradition, the AmCham "Meet Your Candidate" Cocktail Reception took place on March 7, 2024. This special event brought together the dynamic AmCham community for an evening of networking and engagement, providing members with the invaluable opportunity to connect with candidates running for vacant seats on the AmCham Board of Directors.Amidst friendly and relaxed atmosphere, attendees enjoyed listening to the candidates' speeches while sipping on cocktails, offering a refreshing break from their busy schedules.This year, there are 10 vacant positions on the Board, each vital for representing the business community effectively. Board members dedicate their time and expertise voluntarily to serve for a two-year term (2024-2026), with one member also being elected as President and Chairman of the Board of Directors.A total of 14 accomplished professionals stepped forward, each offering their unique vision and dedication to steer AmCham towards continued excellence. The list of candidates includes:Oscar Bogopolskiy, CEO of McDonald’s AzerbaijanZaur Allahverdizade, Head of Compliance Department for the MENATI and CIS regions and the Head of Baker Hughes Services Representative Office in Azerbaijan and GeorgiaDayanat Sadullayev, Chief of Staff, Member of Executive Committee at PASHA HoldingZaur Gurbanov, Vice-President of SOCARBabek H. Aghayev, Co-Founder & Chairman of the Board of Director of PROSOL CompanyKamil Valiyev, Partner and Co-Managing Officer at DentonsRana Mammadova, General Manager of Coca-Cola AzerbaijanKanan Tabasaranskiy, Founder of Smart Solutions GroupImran Ahmadzada, CFO of NEQSOL Holding & Head of NEQSOL Holding AzerbaijanNuran Kerimov, Managing Partner of Deloitte AzerbaijanShola Aliyeva, Group CHRO, Management Board Member at STP Group of CompaniesShirin Aliyeva, Chief Legal, Ethics and Compliance Officer, Member of Executive Team of Azercell Telecom Azer Babayev, Partner at EY AzerbaijanIgor Yakovenko, General Director of AZEL Systems Bear in mind that the elections themselves will take place at the Annual General Meeting(AGM) to be held on June, 2024.Click for highlights from the event. Click for all the media from the Event.

3 May 2024

AmCham Human Resources “HR tech in Learning and Development” Webinar

On May 3, 2024, AmCham’s HR & Labor Committee organized an educating webinar on “HR tech in Learning and development”. The event was led and facilitated by SMART business representatives who are specialized in modern HR solutions.After the opening of the day, Mr.Ievgen Belobrov, Product Owner of SMART HCM & LMS and LMS, talked through their company vision and took the audience through the top priorities for HR Leaders in 2024 one of which is HR technology. After that, Mr.Belobrov talked through the difference between upskilling and reskilling and in which cases, the companies can utilize these approaches to create business value and better employee engagement and development. The session continued what E-learning means, what it covers and how modern world demands this digital approach to employee development. The largest part of the session was dedicated on Individual Development Plans (IDPs) – a learning agreement between the employee and their employer on employee’s goals for growth and development. Its elements, benefits, and monitoring process were heavily discussed. One of the important points made was how IDPs can turn into investment in the employees and the future of the organization. The session was held interactively with different live polls to get event participants’ feedback on different phases in employee development in their companies and people also had the opportunity to ask questions and share insights at the end of the webinar. 

29 April 2024

AmCham Executive Director Ms. Gulnara Aslanbayli participated in ACE Conference in Washington, D.C., and Miami

AmChams in Europe (ACE), representing 50 American Chambers of Commerce from 48 countries, held its annual U.S. delegation conference from April 22 to 26, 2024, in Washington, D.C., and Miami. Ms. Gulnara Aslanbayli represented American Chamber of Commerce in Azerbaijan among the 41 AmCham Executives from 31 countries present in the conference. The ACE Conference serves as a platform to bolster awareness of AmChams in Europe, foster partnerships, and gain insights into the prevailing U.S. business and political landscape. Throughout the event, participants engaged in high-level discussions, met with key decision-makers, and visited government institutions and corporate headquarters.The conference commenced with a dynamic session at the U.S. Chamber of Commerce, featuring notable speakers such as Suzanne Clark, President and CEO of the U.S. Chamber of Commerce, and Marjorie Chorlins, Vice President of European Affairs at the U.S. Chamber of Commerce and others. Discussions covered strategic insights on various topics, including the U.S. economy, geopolitical risks, and transatlantic cooperation.Notable highlights of the conference included dialogues at the U.S. Department of Commerce and the Atlantic Council, where participants gained valuable insights into transatlantic relations and the upcoming U.S. elections. The conference also featured engaging discussions on key sectors for cooperation, including energy, AI, cybersecurity, and defence.In Miami, the ACE delegation explored opportunities for international business and trade with organizations such as the Greater Miami Chamber of Commerce and the Royal Caribbean Group. These discussions focused on sectors vital to Miami's economy, including infrastructure, tourism, and technology.As the conference concluded, participants left with a renewed sense of purpose and anticipation for future collaborations. The event underscored the significance of transatlantic cooperation and highlighted the role of AmChams in fostering robust business environments on both sides of the Atlantic.Gulnara Aslanbayli expressed her enthusiasm about the outcomes of the ACE Conference, stating, "The conference provided invaluable opportunities to strengthen partnerships and gain insights into key issues shaping transatlantic relations. We look forward to building on these discussions to drive growth and prosperity for our member organizations."The ACE Conference in Washington and Miami marked another successful gathering of AmChams in Europe, setting the stage for continued collaboration and progress in the years ahead.

16 April 2024

AmCham Azerbaijan held its second event on Stakeholders' Dialogue for Climate Change – Sustainable supply chain practices.

Within the framework of preparation for the 2024 UN Climate Change Conference, AmCham Azerbaijan is hosting a series of six events titled "Stakeholders' Dialogue for Climate Change." This initiative is designed to foster dialogue, awareness, and collaboration among businesses in Azerbaijan in preparation for the upcoming UNFCCC COP 29 event, to be held in Azerbaijan in November 2024. Building on this initiative, on April 16, 2024, AmCham Sustainable Development & Corporate Impact Committee organized a joint meeting with Procurement Committees on discussing the sustainable supply chain practices for the further growth of the businesses.The meeting was opened with the welcome notes from Ms. Gulnara Aslanbayli, AmCham Executive Director, Mr. Jeyhun Atayev, Deputy Chairperson of SD&CI Committee and Ms. Natavan Mamedova, Deputy Chairperson of Procurement Committee, who welcomed guests and gave them brief overview on the “Stakeholders' Dialogue” initiative.Welcome address by Port of Baku Chief Operations Officer, Mr. Eugene Seah and Program Manager for Sustainable Development Initiatives, Mr. Gurban Karimbayli, highlighted the role of ESG-related activities in the implementation of the port's development strategy. Later, Mr. Mahammad Aliyev, Port of Baku Projects Manager, shared an overview of green solutions in the port operations.Afterwards, team members of BP Azerbaijan - Nurlan Mahmudov, Advanced Drilling Fluids Plant Manager and Ms. Narmin Jafarova, Drilling Fluids Analyst, shared their presentation on how to minimize waste, maximize resource efficiency and promote sustainable practices across operations by incorporating circular economy principles into business model.The second guest speaker, Maria Teresa Pisani, Chief of Trade Facilitation Section under Economic Cooperation and Trade Division of the United Nations Economic Commission for Europe, made presentation on exploration of the benefits for businesses from sustainability practices in supply chain management- with the special focus on global experiences, particularly in developing and transit countries.The presentations were accompanied by the Q&A sessions and after the closing remarks, the meeting participants had the tour to Port of Baku facilities.AmCham Sustainable Development & Corporate Impact Committee meetings, a pivotal part of the series, delve into crucial topics such as understanding the significance of the UN Climate Change Conference for business circles in Azerbaijan, sustainable supply chain practices, role of corporate governance in eco-friendly business operations, global non-financial reporting practices vis-à-vis the Azerbaijani legal framework, legal regulations surrounding Azerbaijan's ESG Agenda, as well as available tax incentives. Additionally, discussions explore the status and prospects of the circular economy in Azerbaijan.It should be noted that AmCham Azerbaijan recognizes the critical importance of businesses in addressing global challenges such as climate change. As Azerbaijan approaches COP29, it is imperative for businesses to understand their role in shaping climate policies, contributing to sustainability efforts, and leveraging opportunities for innovation and growth. February committee meeting aims to elucidate why businesses should actively participate in COP29 and how their engagement can yield mutual benefits. By fostering dialogue and collaboration among businesses, policymakers and stakeholders, the Chamber seeks to catalyze meaningful action towards a more sustainable and resilient future.

4 April 2024

AmChams in Eurasia Forge Collaborative Pathways for Regional Prosperity

On March 28, 2024, Leadership representatives from American Chambers of Commerce (AmChams) in Azerbaijan, Bulgaria, Georgia, Greece, Kyrgyzstan, Tajikistan, Turkey, and Uzbekistan engaged in an important meeting fostering regional growth and collaboration. Discussions centered on organizing regular regional events and trade missions to stimulate bilateral business opportunities, while also emphasizing knowledge exchange in areas such as public-private dialogue, advocacy, and sustainability. The meeting identified sector-specific collaboration opportunities in energy, healthcare, manufacturing, and tourism, with a focus on advocating for federal support to bolster AmCham membership and engagement. Additionally, engagement in middle corridor initiatives was highlighted to enhance infrastructure development and regulatory alignment.The event underscores the collective commitment of AmChams to drive regional prosperity and growth. 

2 April 2024

AmCham Human Resources and Labor Committee's April meeting

On April 2, 2024, AmCham’s HR & Labor Committee organized an engaging event on “Retention and Engagement”. The event started with the presentation of Ms. Cagla Gurdal, Head of Rewards Data Intelligence of WTW, capturing the overview of attraction and retention trends in Azerbaijan.Guest speaker Ms. Elnara Mammadova, BP Vice President People and Culture for the AGT region and Russia, spoke about retaining and engaging talent in a challenging market, sharing practical solutions from bp experience. Ms.Mammadova focused on the importance of setting vision, empowering, creating culture and assessing employee needs.Guest speaker Mr. Mehman Heydarov, Project Leader of Talent Management Department in Kapital Bank spoke about company’s strategy to retain talents. He focused on the role of EVP, on engagement tools applied within the company, highlighting the role of listening, developing and rewarding talents. Event participants had the opportunity to ask questions and exchange ideas on retention and engagement strategies. 

1 April 2024

AmCham's Marketing, Communications and Business Development (MCBD) Committee's March Workshop

On March 29, 2024, AmCham Marketing, Communications, and Business Development (MCBD) committee hosted its March Workshop dedicated to “Redefining Business: Generative AI's Influence on Marketing & Sales Tactics and Product Evolution”. The guest speaker of the workshop was Mr. Emin Aliev, Chief Business Development Officer (CBDO) of Evido. Firstly, Ms. Aysel Suleymanova, Chairperson of MCBD committee, extended a warm welcome to all participants, introduced the guest speaker, and provided a brief overview of the meeting.Afterwards, Mr. Emin Aliev took the stage to deliver an informative speech on “Redefining Business: Generative AI's Influence on Marketing & Sales Tactics and Product Evolution”. During his presentation, Mr. Aliev comprehensively talked about how Generative AI will enhance customer service, marketing, and product development for humans. The workshop was concluded with an engaging and interactive Q&A session, where participants had the opportunity to exchange their views and share valuable insights.

14 March 2024

AmCham Azerbaijan's Nowruz Celebration Cocktail Reception

On March 14, 2024, AmCham Azerbaijan organized a Cocktail Reception dedicated to Nowruz Celebration. As per usual, the AmCham event brought together CEOs and associates of AmCham member companies, board members and committee chairpersons. Executive Director of AmCham Azerbaijan Ms. Gulnara Aslanbayli officially opened the event, greeting the guests and providing a brief foreword of the event. During her speech, she emphasized the importance of Nowruz in Azerbaijani due to its historical, cultural, and traditional roots.The event featured launching of the AmCham CSR Platform. Head coordinator of the project Ms. Sheyda Mustafabayli delivered a comprehensive presentation covering various insights and guidance on this exciting initiative that serves as a space on collaboration, connecting contributors and project owners to work together on meaningful corporate and social responsibility projects. Following the presentation, the Project Curator, AmCham Board member Mr. Shahin Mammadov, expressed his gratitude to the AmCham team, the AmCham Sustainable Development and Corporate Impact Committee, and all contributors in developing the project. Additionally, he highlighted the importance of this initiative, emphasizing its potential to foster collaboration and drive meaningful corporate and social responsibility projects. Mr. Mammadov also encouraged the business community and non-profit organizations to actively engage in the platform, share their CSR ideas, and showcase their creative CSR portfolios.Afterwards, the Reception continued with several traditional show programs involving national drum instruments, dance music performance, and a DJ show. Additionally, the reception also featured a special lottery where the guests got an opportunity to win an exclusive prize offered by AmCham Azerbaijan. 

13 March 2024

AmCham Legal & Compliance and Human Resources Committee's joint meeting

On March 13, 2024, AmCham Legal & Compliance committee organized a joint meeting along with the AmCham HR & Labor committee dedicated to the topic “Promoting SPEAK-UP as a tool to strengthen business integrity and create safe work environment”.Invited guest speakers of the meeting were Ms. Jamila Islamova, Ethics and Compliance Lead at BP Azerbaijan, Georgia and Turkey Region, Ms. Sevda Huseynova, Ethics & Compliance Officer at SOCAR Midstream, Mr. Martin Zapata, Academic Programs Senior Officer at the International Anti-Corruption Academy, and Mr. Rafael Abdullayev, Senior Human Resources Manager at NEQSOL Holding.The meeting was opened with the welcome speeches of Mr. Kamil Valiyev, Chairperson of AmCham Legal & Compliance committee and Ms. Chinara Ahmadova, Deputy Chairperson of AmCham HR & Labor Committee. Afterwards, as moderator of the meeting, Mr. Toghrul Ahmadov, Deputy Chairperson of Legal & Compliance committee took the floor and gave a brief foreword of the session. The meeting continued with speeches and presentations by guest speakers where they touched upon SPEAK-UP, its impact on compliance program and its role in mitigating compliance and integrity risks. They also comprehensively discussed the root causes behind people not speaking up and key intervention points, as well as the role of leaders in promoting speak-up culture in organizations and the importance of creating a morally safe work environment that is free from ethical hazards. The session was followed by the Q&A session and closing remarks.