Khalg Bank has reduced its board of directors from 7 to 5 members, with Natella Shakhverdiyeva and Nigar Bilandarli appointed as advisors to the chairman.
AI will summarize what happened, why it matters and what it means for business.
Khalg Bank OJSC has made changes to its Board of Directors as part of improving its corporate governance model and optimizing management processes.
According to the changes, the size of the Board has been reduced from 7 to 5 members, and Natella Shakhverdiyeva and Nigar Bilandarli have been appointed as advisors to the Chairman of the Board. Prior to these appointments, Shakhverdiyeva and Bilandarli held the positions of Deputy Chairmen of the Board.
The changes are aimed at a more efficient organizational structure.
Context
What happened before
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Natella Shakhverdiyeva and Nigar Bilandarli served as Deputy Chairmen of the Board
Khalg Bank reduced the Board from 7 to 5 members
Shakhverdiyeva and Bilandarli appointed as advisors to the Chairman of the Board