In accordance with the Statutes of the MIDA Limited Liability Company subordinated to the State Housing Development Agency, under the President of the Republic of Azerbaijan, which was created by the Decree 858 signed by the Head of State on 11 April 2016, the first meeting of the Supervisory Board was convened on 13 October 2016.
The Supervisory Board created by the decision of the Agency’s Director and consisting of 5 members, comprises Professor Mrs.Gulchohra Mammadova, the Rector of the Azerbaijani University of Architecture and Construction, the Honorary Architect of the Republic of Azerbaijan and Mr.Rufat Mahmud, Chairman of the Supervisory Board of the Azerbaijani Accountants and Risk Professionals Association. The MIDA’s Supervisory Board is chaired by Mr.Sadig Sadigov, Deputy Director of the State Housing Development Agency under the President of the Republic of Azerbaijan.
At the meeting, decisions were adopted in relation to relevant organizational matters in running the activities of the Board, which presented the report on the activities of the MIDA LLC over the previous period and defined the task to elaborate the future development plans of the LLC for the year 2017. In this regard, the Supervisory Board has taken the decision on the appointment of the head of internal audit department of MIDA LLC and determined the relevant tasks to organize the work of this department.