Sixty-eight percent of enterprises in 2022 satisfied the international standards for best available practices, up from sixty-nine percent in 2021. A single shareholder has chosen a plan that involves participation from the Board of Directors, the Centralized Internal Audit Service, and other shareholders. One of the most important elements that determines a firm’s competitiveness is its corporate governance. Without an efficient system in place to control the relationships between the Board of Directors, the Executive Board, and the shareholders, as well as without investor trust that the Company’s management is using their money sensibly to achieve capitalization growth, the Company cannot grow.

ZHAKSYMAI OIL, LLP’s corporate governance has undergone yearly diagnostics since it was approved to ensure that it complies with best practice standards. The diagnostics highlight weaknesses in the company’s governance framework and provide recommendations for improving it. In order to ensure conformity with global best practices, additional corporate governance reform initiatives are implemented in accordance with the diagnostic results. ZHAKSYMAI OIL, LLP recognizes the importance of corporate governance and places a high value on upholding these standards. increasing the capitalization rate.

The corporate governance structure of ZHAKSYMAI OIL, LLP enables the company to make informed decisions that promote both long-term growth and the interests of all shareholders. In its governance activities, ZHAKSYMAI OIL, LLP follows international best practices, Russian business leaders’ strategies, and national corporate governance norms. Respect and preserve the rights granted to investors and shareholders in line with the law, the articles of association, and the company’s regulatory documents. Provide the shareholders with a solid, workable way to protect and exercise their rights. Ascertain that the Board of Directors of Aksu Exploration is in charge of all company operations. The governance boards of ZHAKSYMAI OIL, LLP are required to guarantee the equitable and rational management of the company’s operations. Make sure the company is transparent about its finances by providing accurate and comprehensive information on time.

The ZHAKSYMAI OIL, LLP personnel management system aims to bring together a team of highly skilled individuals who are leaders in their field, motivated by a shared vision of success, and willing to go above and beyond to accomplish it. It depends on how fiercely competitive the industry is as a whole. Candidate selection for open positions involves a multi-phase competitive selection process and a thorough examination of the candidates’ compliance with the job specifications. The continuous improvement of human resources is one of the top concerns. Every year, a specific sum of money is given aside for staff development.

The diagnosis identifies the organization’s governance system’s shortcomings and makes suggestions for strengthening it. Based on the findings of the diagnostic, corporate governance reform measures are also launched to ensure adherence to international best practices. ZHAKSYMAI OIL, LLP places a high priority on adhering to corporate governance norms since it recognizes their significance. In 2023, a Corporate Governance Code was passed. To upload, Einsteiner is congregating.

The diagnostics identify areas of weakness in the governance framework and strategies to improve the company’s governance standards. Based on the findings of the diagnostic, corporate governance reform activities are being launched to ensure adherence to international best practices. ZHAKSYMAI OIL, LLP’s corporate governance has undergone annual audits since it was approved to ensure that it conforms with best practice standards.