AzerGold Supervisory Board held its next meeting

The first meeting of the reorganized Supervisory Board of "AzerGold" CJCS was held.

During the meeting, chaired by the new Chairman of the Supervisory Board Mr. Matin Eynullayev, current issues on activities of AzerGold CJSC, such as the increase in authorized capital, strategic development, issues on finance and investment, production and staff were discussed.

Chairman of the Supervisory Board M. Eynullayev stated that AzerGold CJSC, a state-owned mining company, plays an important role in the development of the country's non-oil sector and increasing non-oil export potential. Mr. Eynullayev noted that the actions taken by Azerbaijan Investment Holding to further increase the efficiency of AzerGold within the framework of best practices and modern management requirements, to improve its management by taking into account modern corporate governance standards have given positive results. He stressed that the activities between AIH and the CJSC established as a logical continuation of the structural reforms initiated by the President of the Republic of Azerbaijan to meet the modern challenges of the country's economy, are underway on the basis of mutual cooperation.

Implementation of the follow-up tasks upon relevant decrees and orders of the President of the Republic of Azerbaijan, were discussed and relevant decisions on agenda were adopted.