“AzerGold” Closed Joint Stock Company (JSC), which organizes its activities within the framework of advanced international experience and modern corporate management requirements since its inception, successfully continues improvement works in order to continuously increase efficiency in this field.
FED.az reports that as a result of the work done in this direction during the past period, the new corporate management standards of the Joint Stock Company were prepared and approved by the Supervisory Board of Azerbaijan Investment Holding (AIH).
The new Standards approved for the purpose of guiding the activities and management of “AzerGold” CJSC are national legislation, “Principles of corporate governance” and “Rules of corporate governance in state-owned enterprises” of the Organization for Economic Cooperation and Development, as well as advanced corporate governance established in the country and around the world. Developed on the basis of experiences.
The corporate management standards define the main principles and goals in the activities of CSC, based on sustainable development, efficiency, promptness and transparency. Thus, the requirements of the new Standards will be taken into account during the evaluation of the activity by the AIC, for this purpose, monitoring will be carried out in the CSC, and a report will be given to the Supervisory Board about the results. At the same time, the report will be approved by the Supervisory Board and published, including in the annual reports of the CSC.