Azerbaijan's corporate governance standards to attract foreign investors

Application of corporate governance standards developed by the Azerbaijani Ministry of Economy will increase attractiveness of local enterprises for foreign investors, Sahib Mammadov, the country’s deputy economy minister said March 3.

He made the remarks at an event dedicated to the application of corporate governance standards in industrial enterprises.

“This will also allow to make enterprises cost-effective and at the same time will ensure efficient risk management, reliable reporting system,” Mammadov said.

/By Trend/