Principles of corporate governance

According to the Corporate Governance Code of Joint-Stock Company BRK-Leasing, a subsidiary of the Development Bank of Kazakhstan Joint-Stock Company, corporate governance in the Company is based on the following principles:

  • principle of separation of powers;
  • the principle of protection of the rights and interests of the sole shareholder;
  • the principle of effective management of the Company by the Board of Directors and the Management Board;
  • the principle of sustainable development;
  • the principle of risk management, internal control and internal audit;
  • the principle of regulation of corporate conflicts and conflicts of interest;
  • principles of transparency and objectivity of disclosing information about the Company's activities.

The corporate governance of the Company is based on the principles of justice, fairness, responsibility, transparency, professionalism and competence. An effective corporate governance structure assumes respect for the rights and interests of all persons interested in the Company's activities and contributes to the success of the Company's activities.

The corporate governance system in the Company provides:

  • availability of a clear management system in the Company, delimited powers and decision-making process, lack of duplication of functions and processes;
  • uniform standards, policies and processes, including the definition of common approaches to planning, monitoring and control, performance evaluation and the application of corrective actions;
  • access to quality information in relation to the Company's activities;
  • proper risk management of the Company.

The corporate governance system and the decision-making process in the Company are regulated in the Company's Charter and other internal acts of the Company.

In 2016, 13 meetings of the Board of Directors of the Company were held.

In 2017, 16 meetings of the Board of Directors of the Company were held.

Following the generally accepted principles of corporate governance, two members of the Company's Board of Directors are independent directors nominated by the sole shareholder of Development Bank of Kazakhstan JSC.

Currently, the following permanent committees have been established under the Board of Directors of DBK-Leasing JSC: Risk Management Committee, Audit Committee, Personnel, Remuneration and Social Affairs Committee and Strategic Planning Committee. The purpose of their activity is to study in depth certain areas of the Company's activities and advise the entire Board of Directors on these issues. Composition of Committees:

Strategic Planning Committee

  1. Eroshok D.B. - Chairman of the Committee;
  2.  
  3. Alimukhambetov N.E. - Committee member;
  4.  
  5. Kim V.V. - Committee member;
  6.  
  7. Sataev R.K. - Committee member.

Audit Committee

  1. Alimukhambetov N.E. - Chairman of the Committee;
  2.  
  3. Eroshok D.B. - Committee member;
  4.  
  5. Mamekova S.M. - Committee member;
  6.  
  7. Zhusupbekov B.K. - Committee member.

Risk Management Committee

     
  1. Alimukhambetov N.E. - Chairman of the Committee;
  2.  
  3. Kim V.V. - Committee member;  
  4. Kenzhebaeva S.A. - Committee member;
  5.  
  6. Bizhanova B.K. - Committee member.

Human Resources, Remuneration and Social Affairs Committee
     
  1. Eroshok D.B. - Chairman of the Committee;
  2.  
  3. Amirtaev A.S. - Chairman of the Committee;
  4.  
  5. Nishanova Z.A. - Committee member;
  6.  
  7. Bapanova G.N. - Committee member.

In order for the Board of Directors to fully fulfill its functions, ensure compliance by the Company's structural divisions with procedural requirements that guarantee the realization of the rights and interests of shareholders, the Corporate Secretary functions. Contacts of the Corporate Secretary - Mendebaeva Aizhan +7 (7172) 79 63 05.

The Company has built an effective system of external and internal control implemented by the Internal Audit Service of the Company, regular audits by independent audit companies of the Company's financial statements for compliance with International Financial Reporting Standards (IFRS).

In order to ensure maximum transparency and reasonableness of management decisions, the Company adheres to the policy of improving the availability and quality of information about the Company's activities, which is reflected on the Company's website, domestic and foreign media.

English