6. Case studies
With an initial focus on extractive industry companies, Armenia has begun publishing beneficial ownership data in line with BODS via its company register (see this example and EITI Armenia’s list of mining companies with declarations). From early 2022, it will expand these beneficial ownership transparency measures to companies operating in the media and other sectors.
The Armenian register also makes use of the Beneficial Ownership Visualisation System to generate easy-to-understand visual representations of beneficial ownership structures for companies declaring in line with BODS.
Figure 3. Beneficial ownership diagram for Zangezur Copper and Molybdenum Combine