AmCham Azerbaijan organized 3rd Conference on “Ethics and Compliance in Azerbaijan”
On November 30, 2021, the American Chamber of Commerce in Azerbaijan (AmCham Azerbaijan) organized 3rd AmCham Conference on “Ethics and Compliance in Azerbaijan”. The event was held with the support of the Gold Sponsors - BP, NEQSOL Holding and Equinor Apsheron A.S, and Bronze Sponsor - Baker Hughes.
Mr. Nuran Kerimov, President of AmCham Azerbaijan and Ms. Gulnara Aslanbayli, Executive Director of AmCham Azerbaijan, delivered opening speeches and welcomed the participants. The significance of such conferences for ensuring compliance of businesses in Azerbaijan with relevant laws, regulations and ethical principles, as well as developing a culture of integrity within the business community of the country was emphasized.
Thereafter, the floor was passed to Mr. Ramin Valizada, Executive Secretary of the Commission on Combating Corruption of the Republic of Azerbaijan.
Mr. Ramin Valizada greeted the Conference participants and acknowledged the sustainable work of the Chamber in improvement of the business climate in the country. In his speech, Mr. Valizada touched upon the strategies, programs and reforms carried out in combatting corruption in the country. He also highlighted the systematic and targeted activities of the Anti-Corruption Commission in this direction and emphasized key role of the State Program on Combating Corruption on the results achieved.
The Conference highlighted three panel discussions. The topic of the first panel was “Managing Third party related Compliance Risk”. Moderator of the first panel was Deputy Chairperson of AmCham Legal and Compliance Committee Mr. Kamil Valiyev, Partner at Dentons. The panel featured the speeches by Ms. Marianne Ibrahim, Global Compliance Director at Baker Hughes, Mr. Vagif Ahmadov, AGT Region E&C Manager at BP, Mr. James Hogan, Managing Partner at Dentons and Ms. Gultakin Aliyeva, Ethics and Compliance Manager at Equinor.
The second panel was dedicated to the “Pandemic and its Impact on Compliance”. Moderator of the panel was Deputy Chairperson of AmCham Legal and Compliance Committee Mr. Toghrul Ahmadov, Chief Legal Officer at NEQSOL Holding. Speakers of the second panel were Ms. Shirin Aliyeva, Legal, Ethics & Compliance Executive at Azercell, Mr. Tural Hajiyev, Director of the Consulting services at Deloitte, Ms. Clare Farley, Head of E&C for Eastern Hemisphere at BP, Mr. Alexey Yakimov, Head of Compliance at Vodafone Ukraine and Mr. Vuqar Sadiq, CEO Advisor at Kapital Bank.
The third panel featured discussions on “Compliance related Investigations and Corrective Actions”. The panel was moderated by the Chairperson of AmCham Legal and Compliance Committee Chairperson Mr. Zaur Allahverdizade, Russia-CIS region Compliance Director at Baker Hughes. The panel highlighted the speeches by Mr. Ruslan Gurbanov, Investigations Manager at BP, Ms. Sharaf Asgarova, Legal Manager at Ekvita, Mr. Vugar Novruzov, Compliance Manager at Caspian Marine Services, Ms. Judith Aron, Partner and Co-Head of Europe Compliance at Dentons and Mr. Orkhan Huseynzade, Deputy Chief of the State Labor Inspection Service.
The panel discussions were followed by interactive Q&A session, as well as exchange of views and best practices.
More than 100 people participated in the conference, including high-ranking government officials, senior executives from business community, member companies and representatives of diplomatic corps.
BFI Committee`s February Meeting
On February 6, AmCham hosted BFI Committee`s Meeting.BFI Chairperson, Mrs. Aytan Rustamova, opened the meeting by welcoming members, guest speakers Sanan Hasanov (Demir Bank) and Nazim Mammadov (Alliance Group LLC) as well as informing the committee members on the achievements & challenges of the past year.Within the first part of the meeting Committee Chairperson passed the floor to the guest speaker of the meeting, Mr. Sanan Hasanov, the representative of Demir Bank who delivered a report on “EnergoCredit”, the collaborative project of European Bank for Reconstruction and Development (EBRD) with Demir Bank. The presentation was followed by Q&A session.Short bio of our guest speaker:Mr. Hasanov holds a master of Finance from Azerbaijan State University of Economy. He is currently working for DemirBank OJSC as Marketing Director. He has more than 10 years experience in banking sector in Azerbaijan. He has managed and implemented many local and international projects.During the second part of the meeting Mr. Nazim Mammadov, representative of Alliance Group LLC has delivered a presentation on “Case studies from Georgia on EnergoCredit project”. The presentation was followed by Q&A session.The Committee meeting finished by networking and one-to-one conversations.Powered by Froala Editor
BFI Committee`s March Meeting
On March 16, AmCham hosted BFI Committee Meeting.BFI Chairperson, Mrs. Aytan Rustamova, opened the meeting by welcoming committee members and guest speaker – Mrs. Julie Nutter, Director of the Office of Sanctions Policy and Implementation in the Department of State’s Bureau of Economic and Business Affairs.Within the first part of the meeting, Mrs. Julie Nutter delivered a very informative speech on “US Policy & Sanctions on Russia and Iran” followed by Q&A session.During the second part of the meeting, Mrs. Nutter introduced Mr. W. Stuart Huffman, Foreign Service Officer of the Office of Sanctions Policy and Implementation, who joined her during the Q&A session.Short bio of our guest speaker:Julie Hagarty Nutter is the Director of the Office of Economic Sanctions Policy and Implementation (SPI) in the Department of State’s Bureau of Economic and Business Affairs (EB). Prior to her current posting, she was the Economic Minister-Counselor at the U.S. Embassy in London. From 2005 to 2008, Ms. Nutter was the Director of the Office of Development Finance in the Economic, Energy, and Business Affairs Bureau. She previously served as the Economic Counselor in the U.S. Mission to the European Union in Brussels. During her Brussels tour, she volunteered for an Iraq Provincial Reconstruction Team Leader position and spent seven months in Iraq, mostly in Basra, working to improve governance capacity at the provincial level. In earlier jobs, she headed the Ukraine desk of the State Department in the run-up to the Orange Revolution, worked closely with other donors on G-8 and Balkan reconstruction issues, and did political and economic reporting during the Liberian civil war. Ms. Nutter has a Masters’ degree in National Security Resource Strategy from the National Defense University and a Masters’ degree in International Economics from Georgetown University. She has two daughters, and grew up in Philadelphia, Pennsylvania.Powered by Froala Editor
BFI AND CSR COMMITTEES` JOINT MEETING
On May, 18, AmCham hosted BFI and CSR Committees` Joint Meeting.Mrs. Nargiz Nasrullayeva-Muduroglu opened the meeting by welcoming participants as well as introducing Mrs. Natavan Mammadova as the newly appointed Director of AmCham Azerbaijan. Afterwards, she passed the floor to Mrs. Ayten Rustamova, Chairperson of BFI Committee, who introduced guest speakers to the audience – Mrs. Gwen Burchell, Director of United Aid for Azerbaijan (UAFA) and Mrs. Natavan Hasanova, researcher of Strategic Research Center of AR (SAM).During the first part of the meeting, Mrs. Burchell informed the participants of the meeting about UAFA and its activity. Afterwards, she passed the floor to her colleague – Mr. Saleh Nasirov – who provided the detailed information about the activity direction of UAFA, particularly pre-school educationm reabilitation centers and social support and also, creation of educational systems in four regions of Azerbaijan. Moreover, Mr. Nasirov presented a video clip about Child Development Center in Baku established by UAFA.Within the second part of the meeting, the floor was passed to Mrs. Natavan Hasanova who delivered a presentation on “Research Results on Corporate Social Responsibility at Azerbaijani Banks”. Along with the report on local activities, Mrs. Hasanova provided very thorough information on CSR activities in different countries (USA, China, Japanm Germany, Italy, Australia).In the end of the meeting, Ms. Aynura Piriyeva, Chairperson of CSR Committee, announced the organization of CSR Excellence Award in cooperation with P. World on October 1, 2.Powered by Froala Editor