Kaztradeneft acknowledges the significance of good corporate governance for the company’s growth. As a result, one of the Board’s responsibilities is to support high corporate governance standards. We require clearly defined roles and responsibilities, non-executive independence, diversity in the boardroom and in the workplace, an open and transparent culture, and the work of our committees in putting the Company’s values and policies into practice throughout Kaztradeneft in order to get this right for our stakeholders.

In addition to their work in the boardroom, non-executive directors must possess a deep understanding of the company and its relationships with important stakeholders. For this reason, they ought to seize the chance to interact with stakeholders, key customers, and employees across the board.

Kaztradeneft places a high importance on corporate governance. Management and the control and audit authorities must effectively communicate in order to protect and advance the interests of all shareholders and promote trust in Kaztradeneft. satisfies the standards set forth by Kazakhstan’s Code of Corporate Governance, which attempts to establish a morally sound and open system of management and control that produces long-term value. In 2017, the corporate structure was changed to become a holding company. The management holding enables a level, distinct, and visible management structure. We are able to focus on market demands and customer needs because of increased accountability and faster decision-making processes.