27 December 2013 saw the regular meeting of the Board of Directors of Tau-Ken Samruk JSC where the following 19 issues were reviewed and resolved.
Approved: the Corporate Social Responsibility Strategy (sustainable development) of Tau-Ken Samruk JSC that includes the performance indicators in the area of corporate social responsibility, Action Program for implementation of the Development Strategy of National Mining Company Tau-Ken Samruk JSC for 2013-2022, Action Plan of the Board of Directors of Tau-Ken Samruk JSC for 2014, performance indicators for assessment of the risk management corporate system of Tau-Ken Samruk JSC, HR Strategy of the Internal Audit Services of Tau-Ken Samruk JSC for 2014-2022.
With regard to the issues referred to the competence of the general meeting of shareholders (participants) of a legal entity with ten or over percent of shares (stakes in authorized capital) owned by Tau-Ken Samruk JSC, the Board of Directors of Tau-Ken Samruk JSC made the decision to amend the Articles of Association of Tau-Ken Altyn LLP, to discuss some issues of Tau-Ken Temir LLP, to determine the position of Tau-Ken Samruk JSC as a participant of JV Tau-Ken Project LLP with regard to the issues referred to the competence of the general meeting of JV Tau-Ken Project LLP, to establish a 100 % subsidiary of Tau-Ken Samruk JSC, to discuss some issues of Tau Ketmen LLP.
The Board of Directors of Tau-Ken Samruk JSC made the decision to place (sell) the authorized shares of Tau-Ken Samruk JSC, to enter into the subsoil use contracts and reviewed the information related to expectations of the Sole Shareholder of Tau-Ken Samruk JSC for 2014.
At the same time the Board of Directors reviewed the Reports on implementation of major investment projects of Tau-Ken Samruk JSC, results of assessment of transparency and efficiency of disclosure processes of Tau-Ken Samruk JSC for 2012 and 9 months of 2013, activities of the Corporate Secretary of Tau-Ken Samruk JSC for 4Q2013, overview of changes in the legislation and trends in the area of corporate governance.