Corporate management

The priority objective of corporate governance of JSC "NAC "Kazatomprom" is to increase a long-term value of the company by building an efficient and transparent business, maintaining reliable and effective relations with shareholders and investors.

The National Atomic Company is committed to high standards of corporate governance, based on the basic principles of honesty, transparency and accountability, the compliance of which enables the implementation of modern corporate culture model of ethical norms and values, as well as the high investment attractiveness of the company.

Corporate Governance

Structure of JSC "NAC "Kazatomprom" clearly defines the division of powers between the JSC" NAC "Kazatomprom". The highest governance body of Kazatomprom is the sole shareholder - JSC "Samruk-Kazyna". The implementation of the interests and protection of rights of the Sole Shareholder and the Company provides the Board of Directors, which also has overall responsibility for the Company's operations. Executive Body of JSC "NAC" Kazatomprom" is the Management Board, headed by Chairman of the Board. The Management Board shall manage the Company's current activities.

With a view to submission to the Board of Directors with independent and objective information designed to ensure the effective management of JSC «NAC« Kazatomprom»

The Internal Audit Service was established by the Company, which is directly subordinated and accountable to the Board of Directors of "NAC" Kazatomprom "JSC, in order of submission to the Board of Directors with independent and objective information, designed to ensure the effective management of JSC "NAC" Kazatomprom ", by bringing a systematic approach to the improvement of risk management, internal control and corporate governance, The Internal Audit Service , oversees the Internal Audit Committee of the Board of Directors of JSC "NAC" Kazatomprom ". The Corporate Secretary ,is operated in JSC "NAC" Kazatomprom ", which coordinates the work of the corporate structure, provides an effective interaction between the shareholders, the Board of Directors and the Management Board of JSC" NAC "Kazatomprom".

78%

The rating of JSC "NAC" Kazatomprom " was 78%, according to the results of diagnostics of corporate governance conducted by PwC in 2015.

Compliance with the principles of business ethics and optimal regulation of disputes on violation of provisions of the Code of Ethics of JSC "NAC" Kazatomprom " is assigned to the Institute of Ombudsman.. The role of the Ombudsman is to advise applied officers and employees under the provisions of the Code, the initiation of dispute resolution on the violation of the provisions of the Code and participate in their settlement, as well as in compliance with the principles of business ethics of Company employees.

In order to improve the corporate governance system of JSC "NAC" Kazatomprom " it was implemented a Risk Management System (RMS) in 2010. Risk management is carried out on the basis of internal documents approved by the RMS JSC "NAC" Kazatomprom ", and in accordance with the regulations for risk management of JSC" National Welfare Fund "Samruk-Kazyna". The rating of JSC "NAC "Kazatomprom" was 78%, according to the results of diagnostics of corporate governance conducted by PwC in 2015.