Corporate governance
NC KazAvtoZhol JSC considers corporate governance as a means of increasing the efficiency of the Company’s activities, ensuring transparency and accountability, strengthening its reputation and reducing the cost of raising capital.
The corporate governance system provides for the division of powers and responsibilities between:
Sole shareholder;
Board of Directors;
Executive body;
Stakeholders;
Other bodies determined in accordance with the Charter.
The Company's corporate governance is based on fairness, honesty, responsibility, transparency, professionalism and competence. The corporate governance structure is based on respect for the rights and interests of all persons interested in the activities of the Company and contributes to the successful activities of the Company, including the growth of its value, support of financial stability and profitability.
The Corporate Governance Code of NC KazAvtoZhol JSC was approved by order of the Ministry of Industry and Infrastructure Development of the Republic of Kazakhstan No. 936 dated December 31, 2019.
The fundamental principles of the Code are:
The principle of separation of powers;
The principle of protecting the rights of the Sole Shareholder;
The principle of effective management of the Board of Directors and the Management Board of the Company;
The principle of sustainable development;
Risk management principle, internal control and audit;
The principle of regulating corporate conflicts and conflicts of interest;
The principle of transparency and objectivity in disclosing information about the Company’s activities.
Certificate of assessment of corporate governance of the joint stock company “National Company “KazAvtoZhol”
Order on amendments and additions to the Corporate Governance Code
Report on the assessment of Corporate Governance of the joint stock company “National Company “KazAvtoZhol”