ՏՀԻ ՏՆօրենների Սերտիֆիկացիոն Ծրագիր (DCP)

Directors Certification Program (DCP)

(only in English, as the official language of the program is English)

Strengthening Board Competence. Advancing Governance Standards.

The Armenian Institute of Directors (AIoD) is pleased to announce the launch of its Directors Certification Program (DCP) — a comprehensive, practice-oriented professional qualification for current and aspiring board members.

The DCP represents an important step towards establishing a recognised standard of professional board competence in Armenia.

Grounded in internationally recognised corporate governance frameworks, including the OECD and IFC principles, and adapted to Armenia's legal and business environment, the program combines rigorous governance knowledge with practical boardroom experience.

The program is currently undergoing the endorsement process with the European Confederation of Directors’ Associations (ecoDa).

More than a learning program, the DCP is a certification pathway designed to validate the knowledge, competencies, and judgement expected of professional directors.

The program moves beyond traditional lectures, placing practical application at the centre of the learning experience. Through real-world cases, governance dilemmas, interactive exercises, and peer discussions, participants will strengthen their ability to exercise effective oversight and contribute meaningfully to board decisions.

The curriculum covers the full spectrum of board responsibilities, from fiduciary duties and board effectiveness to financial stewardship, risk governance, strategy, digital transformation, and leadership.

Program Structure | 2027

9 Days | 45 Hours | 3 Intensive Modules

MODULE I | January 29–31, 2027
Governance, Board Accountability and Effectiveness

Corporate governance foundations, directors' responsibilities and fiduciary duties, board composition and independence, boardroom dynamics, governance structures, and board performance evaluation.

MODULE II | February 26–28, 2027
Financial Oversight, Risk and Control

Financial reporting and analysis, capital allocation, financial decision-making, risk appetite, internal control systems, internal and external audit, and compliance oversight.

MODULE III | April 9–11, 2027
Strategy, Digital Transformation and Board Leadership

Strategic direction and oversight, performance evaluation, executive accountability, digital transformation, cybersecurity, sustainability, and effective board leadership.

Learn from Experienced Directors and Governance Experts

Our faculty combines institutional credibility, international perspectives, and first-hand experience in navigating complex strategic decisions and governance dilemmas.

The program's faculty includes:

• Varoujan Avedikian - Managing Partner/ Attorney-at-law, Andersen Legal in Armenia
• Hagen Schweinitz - Founder and Chairman, Charvet & Cie.
• David Risser - Board and Governance expert | CEO, Ethics & Boards
• Elena Khachvankyan - Board Member, IDBank | Chair, AIoD
• Tigran Davtyan - Independent Director, Ameriabank
• Ara Chalabyan - Board Member | Chairman | Audit Committee Chair
• Mane Beglaryan - Professor and Global Consultant
• Haig Armaghanian - Strategic Advisor and Executive Coach, Founder and CEO, Haig Barrett Partners
• Komitas Stepanyan - Board Advisor & Executive Consultant in Cybersecurity & Technology Governance, Risk & Compliance (GRC)
• Hasmik Ghahramanyan - Board Member, Ardshinbank
• Vache Gabrielyan - Dean at American University of Armenia (Guest Speaker)

Who Is the Program For?

The DCP is designed for serving and aspiring board directors, supervisory council members, shareholders, senior executives, and professionals preparing to assume governance responsibilities.

Its cross-sector approach makes it relevant to organizations with different ownership structures and business models, including private and family-owned businesses, financial institutions, and state-owned enterprises.

Standard Eligibility Criteria

• AIoD members in good standing

Non-member applicants if they are C-level executives, board or supervisory council members, or shareholders of:

• Companies listed on the Armenia Stock Exchange (AMX); or
• Medium-sized or large enterprises with an annual turnover of at least AMD 2 billion.

Admission

All the applicants' admission who meets the standard eligibility criteria is a subject to approval by the AIoD Education Committee.

All the applicants' admission who doesn't meet the standard eligibility criteria, including senior professionals with relevant experience in corporate governance, risk management, finance, audit, compliance, or related fields, may be considered for admission on an exceptional basis, subject to approval by the AIoD Education Committee and the AIoD Board.

Requirements for All Applicants

• Proficiency in English;
• Demonstrate good professional standing;
• Confirm their availability to attend all three modules and fulfil the program's attendance requirements.

Participants who successfully complete the program and pass the final examination will receive the AIoD Directors Certification, recognising their demonstrated knowledge and competencies in corporate governance.

Successful participants may also qualify for inclusion in the Armenian Directors Register (ADR), subject to meeting the applicable eligibility requirements.

Program Fee

AIoD Members: AMD 1,200,000
General Fee: AMD 2,000,000

Travel and accommodation costs are not included.

Registration and inquiries: Fill the form