Introduction of new corporate governance code

The seminar was held with the participation of members of the Board of Directors of JSC «Tau-Ken Samruk» and Managing Partner for Eurasia «PricewaterhouseCoopers» Alper Akdeniz. The new version of the Corporate Governance Code of JSC «Samruk-Kazyna» (hereinafter – the Code) was approved by the Resolution №239 of the Republic of Kazakhstan, dated April 15, 2015. The objectives of the Code is to improve the corporate governance in the Fund and companies, ensuring transparency in management, a renewed commitment to the Fund and organizations to follow the standards of good corporate governance.

During the meeting, the participants of the workshop analyzed the new requirements of the Code, as well as the main stages of its implementation. As part of the implementation of one of the stages of implementing the Code at the seminar, it was reviewed the results of Gap-analysis of JSC «Tau-Ken Samruk» and the key areas of non-compliance and corrective measures.



It should be noted that the new Code, designed to reflect the latest trends in the world is focused on achieving the key objectives of the Transformation Program: the growth of long-term value and sustainable development.

Within the framework of implementing the Code, it is planned to develop the Medium-Term Program of improving the system of corporate governance, which will include updating the internal documents of JSC «Tau-Ken Samruk» in accordance with the Code.