The monthly BCM meeting update provided information on: 1. A 3-day training on collaborative action against corruption that engaged 60 public and private representatives to identify corruption causes and stakeholders' roles. 2. Feedback received from policymakers on BCM members' concerns regarding tax increases and the investment banking draft law. 3. Upcoming events including the BCM Summit, Innovation Summit, and Malaysia-Mongolia investors forum.

1. BCM UPDATE
MONTHLY MEETING
15 MAY 2017
Ch. Mergen, Executive Director, BCM

2. YPO
Innovation
Week Finale
Hong Kong
2017.5.12

3. 2ND ANNUAL BCM SUMMIT
“Regional Connectivity in Asia”
June 19. 2017
Ikh Tenger Complex

4. 1. COLLABORATIVE ACTION AGAINST CORRUPTION
• Objective:
• 3 days modular training and discussion among 60 private and public representatives;
• Identification of main causes of bribery and corruption, role of stakeholders in implementation of
National Anti-Corruption Strategy
• Actions taken:
• Collected comments, feedback, concern from BCM members and public sector representatives;
• Developed a draft recommendation;
• Had a meeting with Mr. L. Enkhbold Member of the Parliament and Mrs. Namuungerel General
Advisor to Mr. L. Oyun-Erdene Member of the Parliament.

5. 2. FEEDBACK FROM POLICY MAKERS
• Objective:
• To voice BCM members’ concern to
policy makers;
• Engage the Parliament for constructive
dialogue.
• Actions taken:
• BCM position statement on tax increase
was developed and delivered to 76 MPs;
• Outcome:
• Mr. Ts. Nyamdorj, Deputy Speaker of the
Parliament, requested Mr. Ch.
Khurelbaatar, Chair of Budget Standing
Committee, to review BCM position
statement and provide official feedback.

6. 3. INVESTMENT BANKING DRAFT
LAW
• Objective:
• To ensure BCM members concern are
addressed in development and discussion
of Investment Banking Draft Law.
• Actions taken:
• BCM Invest Mongolia FG developed
recommendation and concern regarding the
draft law;
• Recommendation was delivered to 76 MPs.
• Outcome:
• Mongolian People’s Party Caucus
expressed gratitude for continuous
collaboration in discussing various topics
and draft laws.
• BCM recommendation was delivered to
relevant standing committees and working
groups.
• Mr. B. Javkhlan, MP, and Draft law
initiator acknowledged BCM
recommendation and stated BCM position
will be reflected for draft law discussion.
Also he delegated duty to Mrs. Z.
Narantuya, MP, Working Group Head.

7. 2ND ANNUAL BCM SUMMIT
Fee details:
Member: 400,000₮
Non-member: 600,000₮
Registration: tugi@bcmongolia.org
Sponsorship: buyanbat@bcmongolia.org

8. № Event name Date Location Organizer Notes
1
2nd Annual BCM
Summit 2017
“Regional
Connectivity in
Asia”
June 19
Ikh
Tenger
Complex
BCM
Members: 400,000₮
Non-members: 600,000₮
Registration:
tugi@bcmongolia.org
2
Innovation
Summit
June 20 TBD
Togtokh
Trade, BEST
TBA; Special discount to
BCM members
3
TUNSHLEL 2017
Malaysia –
Mongolia
investors forum
July 4-5 Malaysia
Hillcrest LLC
& Crest
Global
Resources
For more information:
dolgorsuren@bcmongolia.
org
4
MEF
July 6-7
TBC
State
Palace
MEF 10% discount for members
Upcoming Events

9. MEMBERSHIP
May 12, 2017
CURRENT MEMBERS: 197
NEW MEMBERS: 29
*
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Let us know your thoughts and ideas!

10. PWC, GENERAL DEPARTMENT OF TAXATION (GDT) AND BCM
JOINTLY CO-ORGANIZED THE TAX WORKSHOP
APRIL 25, 2017
Objective
• Tax workshop was Cross
border contacts and their
tax implication issues
including double tax treaty,
reverse value added tax ,
withholding tax for non-
resident companies
incomes,
• Around 175 taxpayers
representatives from 90
companies participated
Outcome
• Awareness of needed tax
knowledge and experience
on cross border contract
would allow taxpayers to
mitigate their tax risk in
advance and say own
opinion and proposal for
an improvement of related
tax legislation

11. EDUCATION & INNOVATION WORKING GROUP MEETING,
APRIL 26, 2017
Objective
• Raise awareness on Venture
Capital by learning from the
guest speaker, Paul Bragiel
who has invested in venture
capital many times in
different
• 25 people attended
Outcome
• Raised awareness on Venture
Capital (VC) topic among the
WG members
• Agreed on focusing on legal
and regulatory aspects to
support entrepreneurs
• To create at least 1 success
story: corporate collaboration
with a start-up

12. BCM IN THE UNIVERSITY CLASSROOM
27 APRIL 2017
• BCM in the
University
Classroom Series
presented "Focus
333" Lecture with
AFAAcademy and
Mongolian National
University of
Medical Science
• ThanksSh.Amartuv
shin /AFA
Academy CEO/ for
an interesting
lecture!
• 75 people attended

13. TRADE & LOGISTICS WORKING GROUP MEETING,
APRIL 28, 2017
Objective
• Awareness on the
importance of transport
logistics and in trade
• Cross border issues
• 18 people attended
Outcome
• Customs laboratory
issues
• The importance to make
public awareness on
logistics improvement
• Plan to organize
meeting with customs
laboratory.

14. “ENABLING COLLECTIVE ACTION IN THE FIGHT AGAINST
CORRUPTION IN MONGOLIA”
MAY 08-12, 2017
• 5/8/2017: Anti-bribery
legislation, business ethics, and
compliance management with
BE, LWG
• 5/9/2017: Addressing corruption
risks in public procurement
processes with BE, LWG
• 5/10/2017: Addressing
corruption risks in customs and
trade facilitation processes
with BE, RWG, TWG, TLWG
• 5/11/2017: compile information
gathered throughout the mission
• 5/12/2017: Round table with
members of the Parliament
Caucus on Anti-Corruption