Central Asia: Integrity Due Diligence. Third Parties Risks. Your Trusted Advisors for Central Asia International Investors Solutions: Managing Your Risks in Central Asia Doing Business in Central Asia: Kazakhstan, Kyrgyzstan, Uzbekistan, Tajikistan, Turkmenistan.

Corruption is pervasive in several countries of Central Asia, where a majority of respondents say they are either asked or are expected to pay bribes to receive public services...

If your company’s business is carried out in one of the post-Soviet Central Asian countries like Kazakhstan, Kyrgyzstan, Uzbekistan, Tajikistan, or Turkmenistan, then

Making your corporate ethics policies understood and routinely referred to by employees at your local offices in Kazakhstan, Kyrgyzstan, Uzbekistan, Tajikistan, and Turkmenistan is a huge challenge. Solving this challenge means getting rid of foreign corruption exposure

Sarsenov Corporate Governance Advisory
Compliance in Kazakhstan, Kyrgyzstan, Uzbekistan
Corporate Governance & Compliance Services
CEO and Principal Consultant



Founding Partner, CEO and Principal Consultant



Mr. Nurlan Sarsenov is a Founding Partner, CEO, Principal Consultant of Sarsenov’s Corporate Governance Advisory.

Nurlan is a Corporate Governance, Compliance, and Financial Services Regulation expert in Central Asia. He has 14 years of experince in the field of Compliance, Corporate Governance, and Banking/Securities Regulation. He directed Central Asia Corporate Governance Institute and advised World Bank Group’s Central Asian Projects and their Investment, Corporate Governance, and Advisory teams as well as their client corporations. He also advised on infrastructural projects of IFC and World Bank in Central Asia, and helped them in their cooperation with Central Asian financial institutions (banks, microfinance organizations, insurance companies, brokerage firms, and investment companies).

From 1998 to 2006 Mr. Sarsenov held various positions for International Financial Institutions in Central Asia, where he:

- Advised boards, executives, and served as a member and advisor of credit and investment committees.

- Provided legal/compliance advice on $6 billion investment/lending projects across Central Asia, Russia, and CIS and managed legal/compliance risks for a $1.2 billion industrial loan portfolio.

- Helped to suspend over $1.5 billion transactions with serious legal, environmental, ethical concerns.

Mr. Sarsenov has an extensive experience in advising and cooperating with local governments and regulators in Central Asia. He has helped many corporations and financial institutions, NGOs, and educational institutions across Central Asia. In 2009 he has been awarded a U.S. Fulbright Scholarship in the field of Corporate Governance. In 2009-2010 he served as a Visiting Foreign Scholar at Fordham Law School in New York City, where he successfully presented his findings on Corporate Governance for Financial Institutions in Central Asia.

Mr. Sarsenov is often invited as a guest lecturer to Universities in USA and to major Law and Management Universities in Russia, Kazakhstan, Uzbekistan, Tajikistan, Kyrgyzstan.

Mr. Sarsenov holds master's degree in Business Administration from School of Business of Southern New Hampshire University. He also obtained Master (LLM) and Doctoral Degree in Law (Ph.D.) from Kazakhstani State Law University in Almaty, Kazakhstan.

He is an active member of the Fulbright Scholars Network and of the Social Networks of the Society of Corporate Compliance and Ethics.





BOOKS

As a result of his experience in Central Asia Mr. Sarsenov authored several books about Corporate Governance, Compliance and Business regulation in Central Asia, including:

Corporate Governance: Barriers In The Way To Adopting Best Practice in Kazakhstan.//VianPlusPress, Almaty, 2008.

What Kazakhstani Institutional Investors Should Know About Shareholders Activism?// VianPlusPress, Almaty, 2008.

Corporate Governance. Textbook for Central Asia Educational Institutions (with co-authors).// (manuscript), IFC, Almaty, 2008.

Application of Cumulative Voting For Corporate Boards Election.// IFC, Almaty, 2008.

Securities Law (Chapter within Civil Law Textbook). (with co-authors).// NurPress, Almaty, 2006.

Corporate Law (Workbook) (with co-authors).// Kazakh State Law Academy, Almaty, 2003.

Legal Issues of Securities Regulation in Kazakhstan.// Ph.D thesis (manuscript), Almaty, 2003.


CERTIFICATIONS:


Certified Compliance And Ethics Professional (CCEP)

US Compliance Certification Board, January, 2013. USA

Regulatory Compliance For Financial Managers

American Bankers’ Association, USA 2012 (June-October)

(compliance components completed only)

Supervisor Certification Program

American Institute of Banking, CFT, New London, NH, USA, 2012.

(supervisor components completed only)


TRAININGS IN CORPORATE GOVERNACE AND COMPLIANCE

  • COMPLIANCE & ETHICS INSTITUTE, Society of Corporate Compliance and Ethics, Las Vegas, Nevada, USA,completing (Certificate), 2012.

  • Corporate Social Responsibility, Manchester, NH, USA.

  • Regulatory Compliance for Bankers, American Institute of Bankers, USA 2012 (June-October) including the following trainings:
  • Bank Bribery Act
  • Bank Protection Act
  • Information Security and Red Flags
  • Bank Secrecy Act
  • Office of Foreign Assets Control (OFAC)
  • Privacy for Customer Contact Personnel
  • USA PATRIOT Act
  • Fair Lending
  • Fair Credit Reporting Act (FCRA)
  • Equal Credit Opportunity Act (Reg B)
  • Expedited Funds Availability Act (Reg C)
  • Electronic Funds Transfer Act [CC]
  • Truth in Savings [CC]
  • Truth In Lending Act, Reg Z.

  • FORDHAM UNIVERSITY’s School of Law, New York City, USA, Courses taken during 2009-2010:
    • Introduction to the U.S. Legal System, February-May, 2010.
    • Corporate Law, February-May, 2010.
    • Corporate Governance, January-April, 2010.
    • Corporations (USA), September- December, 2009.

  • Internal Control, Risk Management, Internal Audit, courses, IFC, World Bank Group, Almaty, Kazakhstan, April-May, 2009.

  • Corporate Governance For Financial Institutions, European Corporate Governance Institute, Seminar, Brussels, Belgium, February 21-22, 2008.

  • Corporate Governance Workshops, IFC, World Bank Group, (2006-2009), Ukrain-Turkey-Kyrgyzstan, coverage includes:
  • Internal Audit
  • Internal Control
  • Conflicts of Interests
  • Audit Committee



TRAININGS IN MANAGEMENT AND FINANCE

  • SUPERVISOR CERTIFICATION PROGRAM, American Institute of Banking, CFT, New London, NH, USA, 2012.

Includes the following trainings:

  • Ethical Issues For Bankers
  • Performance Management
  • Hiring the Best
  • Rewards and Recognition
  • Managing Employee Relations
  • Coaching for Success
  • Corrective Actions
  • Managing Change

  • Management Accounting, Manchester, NH, USA, 2012.

  • Project Management Fundamentals, American Bankers’ Association, USA, 2012.

  • Multinational Corporate Environment, Course, Concord, NH, USA, 2012.

  • International Negotiations, Course, Nashua, NH, USA, 2012.

  • Human Behavior In Organizations, Course, Manchester, NH, USA, 2012.

  • Financial Reporting And Analysis, Course, Portsmouth, NH, USA, 2012.

  • Corporate Finance, Course, Manchester, NH, USA, 2012.

  • Financial Accounting, Hague University, Hague, Netherlands, August, 2011.

  • Credit Investment Overview, Course, IFC, World Bank Group, Uzbekistan, 2008 (Certificate).



MEMBERSHIP IN PROFESSIONAL BODIES:

  • Member: Fulbright Scholars and Alumni Global Network
  • Member: Society of Corporate Compliance and Ethics, USA
  • Member: Europe Compliance Community-SCCE Net, USA
  • Member: FCPA (Foreign Corrupt Practices Act) Network -SCCE Net, USA
  • Member: Whistleblower Compliance Network-SCCE Net, USA
  • Member: Emerging Markets Corporate Governance Research Network (IFC, Global Corporate Governance Forum)
  • Member: Investment Management Compliance Network -SCCE Net, USA
  • Member: Financial Compliance Community Network -SCCE Net, USA
  • Member: Governance, Risk, Compliance Network -SCCE Net, USA



ARTICLES:

"Why Do Compliance Failures Start in Central Asia?" Compliance & Ethics Professional Magazine, USA, February 2014 (in press).

Related Parties Transaction: Insufficiencies Of Board Quorum Regulation in Kazakhstan Securities Market Journal of Kazakhstan, April 2013.

Peculiarities of Implementing Best Corporate Governance Standards For Emergent Market Corporations”. Corporate Governance Bulletin, January, 2011.

Possible Benefits and Disadvantages Of Implementing Best Corporate Governance Standards For Central Asian Corporations”. Securities Market Journal of Kazakhstan, June 2010.

Method of Quick and Effective Translating Into High Standards of Corporate Governance For Central Asian Corporations// Securities Market Journal of Kazakhstan, May 2010.

Problems Of Proxy Contest and Minority Shareholders Protection// Securities Market Journal of Kazakhstan, April 2010.

Developing The Model Corporate Governance Code in Kazakhstan”// Securities Market Journal of Kazakhstan, March 2010.

Problems Of Removing Directors from the Corporate Board// Lawyer, Monthly Journal, February, 2010

Problems of Quorum In Corporate Boards In Taking Decisions On Related Party transactions// Lawyer, Monthly Journal, January, 2010

Some Problems of Corporate Governance Legislation in Kazakhstan// Lawyer, Monthly Journal, December, 2009.

Institutional Shareholders Activism: Latin American Experience// Securities Market Journal of Kazakhstan, 2009.

The Ways to Make Code of Ethics More Effective// Securities Market Journal of Kazakhstan, 2009.

The Role of Institutional Shareholders in Corporate Governance// Security Market Journal of Kazakhstan, 3 (167) August 2008 (in print).

What Corporate Governance Means For Kazakhstani Corporations?”// Lawyer, Monthly Journal, # 4, April, 2008

Currents Situation In Corporate Governance Of Domestic Financial Institutions//Delovoy Kazakhstan, 12 (109), 28 March 2008.

Ways Of Developing Institutional Shareholders Activism in Central Asia// Security Market Journal of Kazakhstan, 3 (167) March 2008.

Problems Of Setting Up Board Committees in Corporations In Kazakhstan // Civil legislation of Kazakhstan # 30/Almaty, February 2008.

Shareholders Activism: Trying To Keep Balance//Corporate Governance Bulletin, # 6, January, 2008, IFC.

Difficulties In Choosing The Kazakhstani Model Of Corporate Governance// Security Market Journal of Kazakhstan, 1 (165) January 2008.

Corporate Governance Models//Corporate Governance Bulletin, # 5, December 2007, IFC.

Corporate Governance Is An Inevitable Choice For Domestic Companies //UIB Vestnik, November, 2007.

Legal Analyses of Corporations Law of Kazakhstan //Bulletin of the Institute of Legislation of Kazakhstan, Journal of Legal Researches, # 4(8) November 2007.

Practical Aspects Of Using Cumulative Voting In Kazakhstan//Civil legislation of Kazakhstan # 29 //Almaty, 2007, (also in a Security Market Journal of Kazakhstan, 10 (162) October 2007).

Some Problems Of Electing Board Members By Applying Cumulative Voting// Securities Market Journal, №10, October 2007.

Comments On New Law On Raising Public Funds For Construction Projects// Civil Law of Kazakhstan./Almaty, September, 2006.

Falsification of Securities//Criminal Expert, # 2, February 2006, Russia.

Some Problems Securities Regulation// Civil Law of Kazakhstan // Almaty, Kazakhstan, March, 2006.

Problems of Delineating Corporate Board Authority in the Corporations Law// Civil legislation of Kazakhstan./ Edited by professor A. Didenko.- Almaty, November 2004.

Mortgage Bonds And Warrants// Civil law. Part one. / Almaty, February 2003.

Problems Of Uncertificated Securities Regulation//Civil legislation of Kazakhstan/ Almaty, February 2003.

Derivative Instruments: Legal Definitions And Economic Concept//Securities Market Journal, №1 (81), 2003.

Some Legal Aspects Of Uncertificated Securities//Iuridicheskaya gazeta, № 8 (431), 02/27/2002.

Problems Of Regulating Of Mortgage Bonds//Securities Market Journal, № 3, 2002.

The Problem Of Missing Of Shareholders for General Shareholders Meeting’s Quorum//Securities Market Journal, № 2, 2002.

Bearer Securities: Will Be Put To Death?//Мyr Zakona, № 3, 2002.

Negotiable Instruments: Issues Of Legal Status//Iuridicheskaya gazeta, № 4 (427), 01/30/2002.

Problems Related To Improper Definitions In Securities Regulation//Iuridicheskaya gazeta, № 38 (461) 09/18/2002.

Registered Certificates: To Be Or Not To Be//FEMIDA, № 12, 2002.

Legal Aspects Of False Financial Instruments//Lawyer, № 1, RUSSIA, 2002.

Problems of Mortgage Certificates Regulation//Lawyer, № 5, RUSSIA , 2002.

Legal Aspects Of Securities Transferring//Pravo y Gosudarstvo, № 4 (23), 2001.

Problems Of Bonds and Debt Agreements Regulation//Securities Market Journal, № 12, 2001.

Vesting Legal Protection To Employers//Juridicheskaya gazeta, №13 (280), 03/31/1999.