Andersen in Georgia is proud to share that Archil Giorgadze and Tamar Jikia have been contributors to the Chambers and Partners Corporate Governance 2025 Global Practice Guide, offering authoritative commentary on Georgia’s dynamic corporate governance landscape.
As part of this publication, Archil and Tamar authored the chapter on Georgia, delivering a comprehensive overview of the country’s legal and regulatory framework. Their contribution outlines key governance structures and mechanisms, with a particular focus on:
- Board Responsibilities: Analysis of the evolving role of directors and the importance of strategic oversight in corporate leadership.
- Shareholder Protections: Explanation of the rights enshrined in the Law on Entrepreneurs and how these are enforced in practice.
- Disclosure and Transparency: An assessment of statutory disclosure requirements and their role in reinforcing market integrity.
The chapter also addresses the growing influence of international sanctions on corporate governance practices in Georgia. In an increasingly globalized regulatory environment, Georgian companies must navigate complex compliance obligations, and the guide provides insights into how businesses are adapting.
Furthermore, Archil and Tamar explore the early trends in ESG (Environmental, Social, and Governance) practices within the Georgian market. They highlight the gradual but meaningful shift toward voluntary sustainability reporting and the alignment with international ESG benchmarks. This marks a significant development for companies aiming to attract international investment and enhance corporate accountability.
Their analysis is particularly timely as corporate governance becomes an essential pillar for economic development and investor confidence. We invite you to read the full chapter to gain a deeper understanding of corporate governance in Georgia and the evolving expectations of both regulators and stakeholders.
Click here to read the chapter on Georgia and explore key legal, regulatory, and ESG developments for Georgian companies.