Kyrgyzstan – 1st – Corportate law
Chapter 2: Analysis and Assessment of the Current Situation
The legislative framework of the Kyrgyz Republic does not currently establish a regulatory basis for fostering a coordinated approach to promoting responsible business conduct with respect to human rights.
Chapter 3. Purpose and Tasks of the Implementation Program for the United Nations Guiding Principles on Business and Human Rights until 2027
In order to achieve this objective, the following tasks have been identified: 3) promote the exercise of due diligence with respect to human rights in the context of responsible corporate governance
| No. | Tasks | Measures/ Activities | Timeframe | Expected results (deliverables) | Parties responsible | Source of funding |
| 15 | Develop a Corporate Governance Code | Q3 2026 | – The Corporate Governance Code has been approved; – Management bodies of OJSc with state participation have adopted corporate governance codes containing references to the UN Guiding Principles | FMRSS, SASPM | National budget | |
| 17 | Make amendments on the Regulation on Procedure for Reporting (Information Provision) and Disclosure by financial market entities approved by the Resolution of the Government of the Kyrgyz Republic No.417 dated September 4, 2018 | Q2 2027 | – Amendments have been made to the Resolution of the Government of the Kyrgyz Republic No.417 dated September 4, 2018; – Public companies include information on the availability of the human rights policy and other matters arising from the UN Guiding Principles into their brief description of corporate governance practices in relation to the regulated financial market entity as part of their reports | FMRSS, business associations (to be agreed) | National budgey | |
| 18 | Draft and adopt: – A guide on development of programmatic commitments (corporate policy) of companies on respect for human rights in business; – Methodology to assess the impact of entrepreneurial activity on human rights taken into account sectors of activity | 2005-2006 | The guide and methodology have been publishes on the official websites of the authorized state body on entrepreneurship and the authorized state body on state property management. The documents have been disseminated among state enterprises, business entities with state participation and business associations | MEC, SASPM, business associations, NGOs (to be agreed) | National budget |