Board of Directors

Davit Tonoyan

Davit Tonoyan

Chairman of the board of trustees

Biography
Arthur Nakhshikyan

Arthur Nakhshikyan

Member of the board of trustees

Biography
Irine Seylanyan

Irine Seylanyan

Member of the board of trustees

Biography
Tigran Davtyan

Tigran Davtyan

Member of the board of trustees

Biography
Naira Zohrabyan

Naira Zohrabyan

Member of the board of trustees

Biography
Margaret Khachatryan

Margaret Khachatryan

Member of the board of trustees

Biography

The Board of Directors is comprised of 9 members, each appointed for a 5 year term. The members of the Board participate in the Foundation’s work voluntarily and without compensation.

The members are appointed in the following way.

  1. Three members are appointed by the Government of Armenia
  2. Three members are appointed by the Central Bank of Armenia
  3. Three members are appointed by non-for-profit organizations

The Chairman of the Board of Directors is chosen by the members of Board for a 5 year term.

The Board of Directors is responsible for.

  • Approving the President’s budget proposal and establishing an expense limit
  • Establishing how compensations are to be made
  • Appointing the President, as well as the members of the Executive committee,
  • Establishing the Foundation’s operation and dissolution mechanisms, creating new bodies and determining their responsibilities
  • Selecting an external auditor
  • Establishing the forms and the means of publication of quarterly reports