Annual General Meeting 2015

 

On November 24, 2015, AmCham held its fifteenth Annual General Meeting (AGM). Total of 35 AmCham members attended the AGM. The number of voting members, including proxy votes, was 32.  U.S. Embassy representative Raphael Sambou (Economic and Commercial Officer) was also present at the meeting.

AmCham President Tigran Jrbashyan called the meeting to order, after each the members  introduced themselves. The President spoke about the Logical Framework, which was adopted by AmCham Board after the previous AGM and reported to the members on the progress AmCham encountered in terms of calling the Log frame activities to life.  AmCham CEO Diana Gaziyan delivered a presentation on AmCham activities for the current reporting period, which also included the financial reports of the organization. After the presentation Mr. Jrbashyan and Ms. Gaziyan took questions from members.  

The President proceeded with the explanation of the rules and procedures for voting and introduced the tellers, AmCham staff members Kristina Vardanyan and Armine Davtyan. The CEO announced the names of proxies.

 

The General Meeting proceeded with electing the Board Officers, with the following results: 

  • Tigran Jrbashyan of Ameria Management Advisory Services – President
  • Arthur Hovanesian of Synergy International Systems  - First Vice-President
  • George Isayan of LTX Credence - Second Vice-President/Treasurer

 

After announcing the names of the new Board Officers, the President asked the candidates for Board Directors positions to give a brief presentation about themselves and their interest in filling the Board positions. 13 candidates, competing for 9 Board Director positions, delivered speeches and answered questions of the members, after which the Board Directors` election commenced. The results were as follows:

  • Sayyora Ayupova of Coca-Cola Hellenic Bottling Company Armenia - Board Director
  • Nerses Nersisyan of PwC - Board Director
  • Ara Hovsepian of ContourGlobal – Board Director
  • Gagik Gyulbudaghyan of Grant Thornton - Board Director
  • Tigran Gasparyan of KPMG - Board Director
  • Ashot Ghazaryan of AUA – Board Director
  • Aharon Levonyan of SI Holding (Jazzve) - Board Director
  • Monica Harutyunyan of EY – Board Director
  • Arpine Gharagyozyan of GSK Representative Office - Board Director

 

After the elections the AGM discussed the issue of opening an LLC or LTD under AmCham. The President presented the issue, explaining that according to the conclusion of the recent AmCham auditing company, AN Audit, AmCham cannot receive revenues other than membership fees. In this light, AmCham cannot sell and receive money for advertisement in its Business Magazine. The offered solution was to establish LLC or LTD under AmCham, which would deal with the magazine preparation and advertisement amounts` collection. The AGM approved such decision unanimously. AmCham President and CEO congratulated the new Board. The meeting was announced adjourned. Members were invited to a wine reception.