AzerGold Supervisory Board held its first meeting

Press releases | 05.04.2021

The Supervisory Board of AzerGold Closed Joint-Stock Company (CJSC), which was reorganized and approved based on the Order of the President of the Republic of Azerbaijan dated the 22nd of February 2021, held its first meeting this year.

Meeting of Supervisory Board chaired by Rovshan Najaf, Deputy Minister of Economy of the Republic of Azerbaijan and Chairman of the Supervisory Board of AzerGold CJSC.was held through video conferencing.Meeting of Supervisory Board chaired by Rovshan Najaf, Deputy Minister of Economy of the Republic of Azerbaijan and Chairman of the Supervisory Board of AzerGold CJS was held through video conferencing.Zakir Ibrahimov, Chairman of AzerGold Board of Directors, and other members of Supervisory Board  attendedthe meeting.

At the outset, the Chairman and Members of the Supervisory Board thanked President Ilham Aliyev for his confidence placed in them.

The chairman of the Supervisory Board Rovshan Najaf noted that AzerGold has achieved significant success in the mining sector in a short time, and now is one of the leading exporters in the non-oil sector of Azerbaijan. At present, the public company is stepping into a new stage of development. The Supervisory Board will endeavor towards increasing the efficiency of the Company's activities within the framework of best practices and modern management requirements, improving its management taking into account modern corporate governance standards. In view of this, the Supervisory Board will work in cooperation with the Executive Board of AzerGold CJSC.

Implementation of the follow-up tasks issued from relevant decrees and orders of the President of the Republic of Azerbaijan, including, the principles of AzerGold's corporate management system, organization of the Supervisory Board, and the functions of Azerbaijan Investment Holding in company management system discussed at the meeting.