The Supervisory Board of the Azerbaijan Investment Holding holds its first meeting
In his video conference held on August 6, 2020, Ilham Aliyev, President of the Republic of Azerbaijan has noted a necessity to improve the governance to raise the efficiency of economic activities of State owned companies and issued relevant instructions to the Cabinet of Ministers to undertake necessary measures.
On August 7, President has signed the relevant Decree on creation of the Azerbaijan Investment Holding (AIH) and establishment of its Statutes.
On August 12, Ilham Aliyev, President of the Republic of Azerbaijan, has approved by his Decree the composition of the AIH Supervisory Board (AIH SB).
On August 14, AIH SB has held its first meeting under the chairmanship of Ali Asadov, Prime Minister and Chairman of the AIH SB with the participation of the Board’s members – Shahmar Movsumov, Assistant to the President of the Republic of Azerbaijan, Natig Amirov, Assistant to the President of the Republic of Azerbaijan, Mikayil Jabbarov, Minister of Economy and Samir Sharifov, Minister of Finance.
The chairman and members of the Supervisory Board have expressed their gratitude to the President Ilham Aliyev for his confidence.
All instructions stemming out from the Decree of the President of the Republic of Azerbaijan such as organizing corporate governance, efficient and transparent activities, broadening financial transparency, ensuring sustainable development and other organization matters were discussed in the video conference. They have put as a requirement to timely and fully implement instructions.
Mikayil Jabbarov, Minister of Economy has delivered a speech on the AIH organizational issues and main areas of its functional activities.
The Chairman of the Supervisory Board has given his instructions in relation to next steps aimed at ensuring rapid deployment of AIH activities.