‘ASTARAK-KAT’ COMPANY ACTIVATES CORPORATE SOCIAL RESPONSIBILITY PROGRAM

Yerevan, August 23. ArmInfo. At the ‘Caucasian Center of Study
Resources – Armenia’ was held a seminar dedicated to corporate social
responsibility (CSR). Employees of the Center, representatives of
social organizations and Armenian businessmen took part in the
seminar. Methods of CSR application in foreign states and other
important issues were considered. On the event were represented the
terms of CSR application at ‘Ashtarak-Kat’ CJSC.

It should be noted that in July 2006 the Shareholders’ Council of
Ashtarak-Kat approved the principles of corporate management of the
company. According to the adopted document, corporate management
principles provide for the moral and ethical norms of business
behavior. The corporate management principles are based upon the CSR
terms, the 1994 Swiss declaration by the major entrepreneurs of the
world and the UN Global Agreement.