CORPORATE
GOVERNANCE
THE COMPANY’S GOVERNING BODIES
BOARD OF DIRECTORS
Changes in the Board of Directors in 2018
Kurmangazy Iskaziyev
Chairman of the Board of Directors of Embamunaigas JSC, Deputy Chairman of the Management Board for Exploration, Production and Oilfield Services of KazMunayGas NC JSC.
Dastan Abdulgafarov
Member of the Board of Directors of Embamunaigas JSC, Deputy Director Generalfor Economy and Finance of KazMunayGas EP JSC.
Aigul Beknazarova
Member of the Board of Directors of Embamunaigas JSC, Managing Director/Financial Controller of KazMunayGas NC JSC
Malik Salimgereyev
Member of the Board of Directors of Embamunaigas JSC, Managing Director for Oiland Gas Production (Technical Director) of KazMunayGas NC JSC
Anuar Zhaksybekov
Member of the Board of Directors, Chairman of the Management Board of Embamunaigas JSC
Zhannat Yertlessova
Independent Director of the Board of Directors of Embamunaigas JSC, Director of Expert Kazakhstan LLP
Baltabek Kuandykov
Independent Director of the Board of Directors of Embamunaigas JSC
Igor Ukrassin
Independent Director of the Board of Directors of Embamunaigas JSC, Managing Director of SBERBANK (Switzerland) AG, Head of the Corporate Banking Department
-
The Board of Directors of Embamunaigas JSC approved the Company’s Development Concept until 2027.
-
Report on the Activities
of the Board of Directors -
Committees of the
Board of Directors -
MANAGEMENT BOARD
-
INTERNAL AUDIT
RISK MANAGEMENT
-
The Company’s Risk Management Strategy is aimed at ensuring the strategic and operational sustainability of the business, which is achieved through timely risk identification and assessment and proactive risk management, taking into account the Company’s risk appetite, ensuring communication and coordination of employees at various levels.
The Company’s Risk Management System is a set of interrelated elements combined into a single process, where the Board of Directors, management and employees, each at their own level, participate in identifying potential events that may affect the Company’s business.
The risk management process is directly interconnected with and integrated into the processes of strategic planning, production and budget planning, investment activities and incentive system.
The risk management process in the Company is constant, cyclical (continuous), multidirectional and consists of the following components:
-
goal setting;
-
risk identification;
-
risk assessment;
-
risk control and management;
-
monitoring;
-
reporting.
-
-
Risk management is an integral part of the Company’s management system.