The main functions of the board of directors are:
- Creation of a development strategy for a joint-stock company;
- organization of effective activity of the executive bodies of the joint-stock company;
- exercising control over the activities of the management bodies of the joint-stock company;
- carrying out measures to protect the rights and to implement the legitimate interests of shareholders.
The Board of Directors performs the following main tasks:
- discloses information about the joint-stock company;
- determines the directions of activity of the joint-stock company;
- defines approaches to investment;
- draws up plans and budgets of the joint-stock company;
- creates mechanisms of internal control in the joint-stock company;
- evaluates the performance of the company and its executive management bodies;
- develops systems and methods for motivating and stimulating personnel working in a joint-stock company;
- executes decisions of the general meeting of shareholders;
- creates and maintains corporate culture.
The Company`s Board of Directors is a collegiate management body responsible for general management of CJSC activities. “ZDA mining`s assets include a concentrating plant, ZDA Mining
The board of directors is elected by the general meeting of shareholders with a term of office for a period of 24 months, in accordance with the commercial code of the Islamic Republic of Iran.
The powers of the board of directors are governed by the commercial code of the Islamic Republic of Iran and the company`s Article of Association.
