Wednesday, 31 October 2012
FREDA Trustees Hold Meeting
Chaired by Prime Minister Tigran Sargsyan, the board of trustees of the Fund for Rural Economic Development of Armenia (FREDA) held a regular meeting at the Office of Government.
The meeting approved the independent auditor’s findings and the 2011 report on FREDA activities, as well as the FREDA-circulated draft report due to be submitted to the Ministry of Justice.
The meeting referred to the nomination of candidates for FREDA Investment Committee membership. The Board discussed and endorsed the proposal to amend the statute of the Investment Committee.
The meeting next discussed changes to the composition of the board of trustees. The Prime Minister told the board members to propose candidates for both the Board of Trustees and the Investment Committee.
In conclusion, the meeting reviewed the outcome of FREDA activities for the first nine months of 2011. Fund Director Tigran Khanikyan reported back FREDA investment portfolio performance for the running year.
