Corporate Governance

The company prioritizes the improvement of the corporate governance system linking with it the long-term sustainable development of the Company and its ability to overcome the challenges of the time. The Company has embarked on the task of improving the corporate governance system of the organization and its subsidiaries, contributing to the improvement of the business environment in Armenia, and promoting the country’s economic progress

“AgroVision” CJSC and its subsidiaries are among the few Armenian organizations that have joined the Business Integrity Club in Armenia.

Adhering to the principles of the Anti-Corruption Declaration and joining the Business Integrity Club, the Company reaffirms its commitment to be guided by the principles of business integrity, as well as to develop a transparent, responsible, and accountable management system.

General Assembly

The General Assembly of Shareholders is the supreme governing body of the Company.

The “Center for Agribusiness and Rural Development” Foundation is the direct major shareholder (with 100% of shareholding) of “Agrovision” Closed Joint-Stock Company. The functions of the General Assembly of the company are carried out by the Board of Trustees of the “Center for Agribusiness and Rural Development” Foundation.

Board of Directors

The Company’s Board of Directors is accountable to the General Assembly of shareholders. The Board of Directors carries out the strategic management and supervision of the current activities of the Company and its subsidiaries.

The Board of Directors of “Agrovision” CJSC also performs the functions of the General Assembly of “CARD AgroCredit” UCO, “AgroTrend”, “SmartAgro”, “AgriConcept”, “Kultiva” closed joint stock companies.

The Corporate Secretary assists the Board of Trustees in the implementation of its functions. Her functions include the improvement of corporate governance practices, ensuring the proper functioning of the Board of Directors, keeping and disclosing corporate information, and ensuring relationships with key stakeholders.

Internal auditor

The Company has an internal auditor who is responsible for improving the internal control and risk management system of the Company and its subsidiaries.

Executive Director

The daily activities of the Company are managed by the Executive Director.

Nvard Ananyan

Executive Director

The Executive Director of AGROVISION CJSC is Nvard Ananyan, who has decades of experience in finance, is also Finance and Operations Director of Center for Agribusiness and Rural Development Foundation, and board member at the Board of Directors of CARD Agrocredit UCO CJSC in CARD group of companies. Nvard Ananyan is a highly dedicated executive with remarkable leadership skills.

Structure

The daily activities of the Company are managed by the Executive Director.