28 November 2013 saw the regular meeting of the Board of Directors of Tau-Ken Samruk JSC with review and making decisions on 11 following issues.
Approved: Development Plan of Tau-Ken Samruk JSC for 2014-2018, amendment of the Action Plan for Internal Control System Improvement of Tau-Ken Samruk JSC for 2013-2014.
With regard to the issues referred to the competence of the general meeting of shareholders (participants) of a legal entity with ten and over percent of shares (stakes in authorized capital) owned by Tau-Ken Samruk JSC, the Board of Directors of Tau-Ken Samruk JSC has resolved to amend the Articles of Association of Tau Ketmen LLP relating to the change in the amount of authorized capital of Tau Ketmen LLP, the determination of the position of Tau-Ken Samruk JSC as a participant of JV Tau-Ken Project LLP on the issues referred to the competence of the general meeting of JV Tau-Ken Project LLP, the establishment of a legal entity in the organizational legal form of a limited liability partnership.
The Board of Directors of Tau-Ken Samruk JSC has reviewed the practice in the area of succession planning of top managers of Tau-Ken Samruk JSC with recommendations of the Nomination and Remuneration Committee, the placement (sale) of authorized shares of Tau-Ken Samruk JSC and also has resolved to pay bonuses to members of the Management Board, Head of the Internal Audit Service and employees of the Internal Audit Service, Corporate Secretary and employees of the Corporate Secretary Service of Tau-Ken Samruk JSC to the Independence Day of the Republic of Kazakhstan.
In the meantime, the Board of Directors has reviewed the Risk Management Reports describing the analysis of key risks (including legal risks), information related to compliance with risk limits, information related to implementation of plans to minimize the risks for 3Q2013, implementation of the Development Plan of Tau- Ken Samruk JSC for 2011-2015 for 9 months of 2013.