AmCham Bulgaria is a Member of The Business Integrity Club

The American Chamber of Commerce in Bulgaria is now an official member of the Business Integrity Club – the initiative of the Transparency International – Bulgaria Association. Their invitation was approved by the AmCham Board in March 2022, and today, June 23rd, 2022, Kalin Slavov, executive director of Transparency International Bulgaria, awarded the membership certificate to Omourtag Petkov, AmCham Board Member and Chair of the Rule of Law and Legislative Reform Committee.

During the meeting Omourtag Petkov introduced the goals, priorities and the work done by the Committee so far. The latter upgrades the initiative that was started back in 2016 for a real legislative reform and application of the rule of law principles in which AmCham initiated together with several other bilateral chambers.

Kalin Slavov presented the goals and the development of both Transparency International Bulgaria and the Business Integrity Club. He expressed their hope that the AmCham engagement will contribute to the further development of the improvement of the good governance business practices in Bulgaria, with the enlargement of this network with new like-minded members and companies. Such commitment will be useful to the deepening of the relationships between members via joint activities and projects to benefit the recognition and the penetration of best practices and risk mitigation risk, and corporate culture development.

“As members of the Business Integrity Club we hope to have good cooperation in the joint efforts to support the business to acknowledge and develop integrity standards, good practices and instruments for some more complete cooperation at national level, as well as with global businesses, based on the business integrity standards and principles,” – pointed out in the welcoming letter Ass. Prof. Ognyan Minchev, Chairman of the Transparency International Association addressing Petar T. Ivanov, CEO, AmCham Bulgaria.

The institutional dialogue between both organizations began back in 2020 with the transposing of the EU Whistleblowing Directive. Then AmCham experts contributed to the process with experience and feedback about the future Bulgarian law content and transposing philosophy.

About the Business Integrity Club
BI Club`s objectives
  • To bring together the efforts of modern-thinking businesses which appreciate the advantages of applying the business integrity philosophy and share values such as transparency, integrity and compliance with ethical standards.
  • To support the establishment of competitive advantages based on improved management, optimized partnerships and enhanced customer confidence.
  • To work towards achieving the international management standards that form part of the business integrity concept, which are a prerequisite for international and global partnerships.
  • To support businesses striving to reduce operational, legal, financial and reputational risks.

Among the other members are Investor Relations Directors in Bulgaria, BICA, BBBA, BCCI, Bulgarian-Swiss Chamber of Commerce.

More about the Business Integrity Clubin English and in Bulgarian