“Astana EXPO-2017” NC JSC regards corporate governance as a useful tool to increase efficiency and development of “Astana EXPO-2017” NC JSC, to strengthen its reputation, to ensure investor confidence, to enhance the international character of investment and reduce the cost of raising capital.
The corporate management of the “Astana EXPO-2017” NC JSC is based on fairness, honesty, responsibility, transparency, professionalism, and competence. Effective corporate management structure presupposes respect for the rights and interests of all individuals interested in the “Astana EXPO-2017” NC JSC and contributes to the success of the “Astana EXPO-2017” NC JSC, including an increase in its value and market price, maintenance of financial stability and profitability.
The system of the “Astana EXPO-2017” NC JSC includes:
The Board of Directors determines the strategic objectives and development priorities, establishes the general guidelines of the “Astana EXPO-2017” NC JSC in the long term, and ensures the availability of the necessary financial resources to implement the goals.
The Board of Directors oversees the activities of the Management Board. The Management Board shall carry out the decisions of the Sole Shareholder and Board of Directors. The Management Board has the right to make decisions on any matters of the “Astana EXPO-2017” NC JSC not falling within the competence of other bodies of the “Astana EXPO-2017” NC JSC according to the legislation of the Republic of Kazakhstan and the Charter.
The Board of Directors of the “Astana EXPO-2017” NC JSC consists of a Chairman of the Board of Directors, his deputies, and other individuals. Determination of the number and term of office of the Board, the size of the salary and terms of remuneration and bonuses to the Chairman and members of the Board, election of Board members, with the exception of the Chairman of the Board, are within the exclusive competence of the Board of Directors.
Clear communication and proper exchange of information between the bodies of the “Astana EXPO-2017” NC JSC is provided by the Corporate Secretary.