According to the Company Charter, the determination of the amount and terms of remuneration payment to members of the Board of Directors falls within the exclusive competence of the Sole shareholder.
The payment of remuneration to the independent directors of the Company is carried out on the basis of the Rules for payment of remuneration and compensation of expenses of independent directors of Samruk-Kazyna JSC Companies, approved by the decision of the Board of SamrukKazyna JSC.
The following remuneration is paid to independent directors:
- fixed remuneration;
- additional remuneration for participation in face-to-face meetings of committees under the Board of Directors.
The total of annual fixed and additional remuneration to the independent directors are established individually by the decision of the Sole shareholder.
The members of the Board of Directors do not receive any other remuneration or facilities, as well as, there are no remuneration limit up, and other remuneration in the form of shares of Tau-Ken Samruk NMC JSC is not provided.
With this, in the case of participation of independent directors in less than half of all face-to-face meetings and meetings by correspondence of the Board of Directors in the reporting period, except for absence from face-to-face meetings due to illness, being on vacation, a business trip, the fixed remuneration is not paid.
The remuneration is not paid to the members of the Board of Directors, for whom the law provides for the restriction or prohibition on receiving any payments from commercial organizations, and to the Chairman of the Management Board of the Company.