The following meeting of the Supervisory Board of Azerbaijan Caspian Shipping Closed Joint-Stock Company (ASCO) for 2021 was held.
In the meeting attended by the members of the Supervisory Board and the management of ASCO, execution of decisions and follow-up tasks adopted by the SB was discussed, as well as the exchange of views on proposals, received from SB Committees on the establishment of internal audit function in ASCO took place.
The Supervisory Board held discussions on adjusting ASCO’s income and expenditure for the previous year and considered the initial forecast of the income and expenditure for the next year.
The opinions of the meeting participants on the improvement of the company’s legal framework and corporate structure for the reduction and prevention of the consequences of possible risks, as well as issues related to the ASCO’s “Sustainable Development Report” covering 2020-2021 were heard. Further discussions on other current issues of Azerbaijan Caspian Shipping CJSC were held and relevant decisions were adopted during the meeting.
The Supervisory Board of Azerbaijan Caspian Shipping Closed Joint-Stock Company was established by the Decree of the President of the Republic of Azerbaijan dated February 11, 2011.