The next meeting of the Supervisory Board of Azerbaijan Caspian Shipping Company CJSC (ASCO) was held, Report informs with reference to Azerbaijan Investment Holding.
At the meeting chaired by the Chairman of the Supervisory Board, Minister of Finance Samir Sharifov and attended by members of the Supervisory Board and ASCO's Management Board, the presentation of the company's external auditor on the results of audit procedures carried out for 2023 and the presentation of the company's Management Board on the consolidated financial statements for the mentioned period were heard.
After extensive discussions, the consolidated financial statements were deemed acceptable by the Supervisory Board.
During the meeting, ASCO management report for 2023 and other issues related to the current activity of the Society were discussed and relevant decisions were made.
The meeting also discussed issues related to renewal of the Society's fleet, determination of ASCO's future activity priorities based on the market situation, as well as decarbonization and green growth calls against the background of global climate changes.
It is reported that the Supervisory Board of Azerbaijan Caspian Shipping Company CJSC was established according to the Decree of the President of Azerbaijan dated February 11, 2021.