The corporate governance system in JSC NMC Tau-Ken Samruk is built in such a way that provides proper management and control, as well as a system of relationships between the executive body, Board of Directors, Sole Shareholder (Samruk-Kazyna JSC) and stakeholders. The corporate governance system is aimed at the growth of long-term value and sustainable development. Corporate governance is based on efficiency, effectiveness and transparency. For more detailed information about the corporate governance structure, please see the section: Corporate Governance – Structure.
The Sole Shareholder of JSC NMC Tau-Ken Samruk is Samruk-Kazyna JSC.
The general management of the company’s activities is carried out by the Board of Directors, the institutes of independent directors and committees of the Board of Directors are actively functioning.
The company has established the work of the Corporate Secretary, Internal Audit Service, Compliance Officer and Ombudsman.
The collegial executive body is the Management Board. For more detailed information about the organizational structure of the company, please see the section: Company – Organizational Structure.
Key points of corporate governance by the end of 2021:
- Diagnostics of the corporate governance system in the company by the independent consultant “PricewaterhouseCoopers”, according to its results, the corporate governance rating of the company was “BB” for each of its sections.
- The degree of implementation of the Corporate Governance Improvement Plan for 2021 is 90%.
- Development and approval of the Action Plan for implementation of the best corporate governance practices in accordance with the requirements of the listing rules of the LSE and AIFC (London Stock Exchange, Astana International Financial Center) for 2022, regarding the disclosure of information in the Annual Report.
- Development and approval of the internal control rules for differentiating the rights of access to insider information and preventing the possibility of misuse of such information by insiders.