11 Mar 2024
Structural changes and corporate governance system implementation in "SmartAgro" CJSC
Recently the representatives of the Georgian "Nutrimax" company, a partner of the "CARD" group and its “SmartAgro” company, as well as the representatives of the Georgian "Synergy Group" consulting company, were in Armenia.
The company "Nutrimax", which has been successfully operating in the Republic of Georgia since 2009, is engaged in the production and supply of complete feed and best-quality concentrates, premixes, and other supplements for companion animals, agricultural animals, and aquaculture. The company's products and services are represented in the Caucasus, Central Asia, and Africa. Georgian Nutrimax is a key partner of the Armenian Smartagro company, and the purpose of the visit was to further deepen the cooperation between the two companies and work on further plans and ideas.
During the visit, an extraordinary General Assembly of shareholders of "Smartagro" CJSC was held, the functions of which are carried out by the Board of Directors of "AgroVision" CJSC, the latter's founder. During the meeting, a decision was made to create a Board of Directors for "Smartagro" CJSC, in which the founder and managing partner of "Nutrimax" company Beka Bekaya will be represented. This is the first time in CARD that a foreign board member and partner was included on the board.
By another decision, a collegial executive body - the Executive Board, was created in "SmartAgro" CJSC, which will include the director and managers of the company. Structural changes will take place in the company, which were proposed by the "Synergy Group" consulting company. Then, meetings were held with the staff and the main changes planned were presented. The suggestions of the staff were also taken into account.
Currently, the implementation of the corporate governance and control system of "SmartAgro" CJSC as well as structural changes are actively underway.
Active cooperation and communication with the Georgian side continue, and we will inform you about the results of the process.