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Board of Directors

The Board of Directors determines strategic goals, priorities for development and sets long-term key guidelines for Company’s activities, as well as ensures the availability of relevant financial and human resources to implement the goals set. The Board of Directors executes control over performance of the executive authority of NC KTZ JSC.

Composition of the Board of Directors ensures fair and impartial representation of interests of the Sole Shareholder.

Quantitative composition of the Board of Directors is determined by the Sole Shareholder.

The Board of Directors of NC KTZ JSC consists of 9 members, 4 of them are independent

The Board of Directors is accountable for effective management and due control over the Company’s performance to the Sole Shareholder.

Currently, there are four committees under the Board of Directors of NC KTZ JSC, which were established in order to increase the effectiveness of performance of the Board of Directors and improve corporate governance structure, which are considered as consultative and advisory bodies of the Board of Directors.

Chairmen of the Committees of the Board of Directors are represented by independent directors

  • Audit Committee
  1. Ye. A. Kudabayev    Chairman of the Committee;
  2. L. Freytag    Member of the Committee;
  3. K. Boecker    Member of the Committee.
  • Strategy and Finance Committee
  1. K. Boecker Chairman of the Committee;
  2. C. Kuhn    Member of the Committee;
  3. A. N. Kravchenko Member of the Committee;
  4. Ye. A. Kudabayev Member of the Committee.
  • Nominations and Remuneration Committee
  1. L. Freytag Chairman of the Committee;
  2. C. Kuhn    Member of the Committee;
  3. N. T. Baidauletov Member of the Committee;
  4. Ye. B. Zhanadil Member of the Committee;
  5. Ye. A.Kudabayev Member of the Committee.
  • Committee for Environmental Protection and Safety
  1. C. Kuhn    Chairman of the Committee;
  2. K. Boecker Member of the Committee;
  3. N. T. Baidauletov Member of the Committee;
  4. A. M. Satkaliyev Member of the Committee.

The Board of Directors determines areas for strategic development of the Company, considers and adopts resolutions on issues related to production and finance. In 2018, 7 in-person and 2 absentee meetings of the Board of Directors of NC KTZ JSC were held. Also, in 2018, 34 meetings of the committees of the Board of Directors of NC KTZ JSC were held.

In 2018, the Board of Directors of NC KTZ JSC considered 143 issues, of which on:

  • Board of Directors of NC KTZ JSC – 19;
  • transformation – 4;
  • Management Board – 6;
  • corporate governance – 6;
  • transactions concluded – 2;
  • personnel and organizational structure – 12;
  • productive-economic issues – 26;
  • reports on performance of NC KTZ JSC – 35;
  • other – 33.

 

Monitoring of implementation of adopted resolutions with further regular notification of the Board of Directors is conducted on an ongoing basis. The Office of the Corporate Secretary (hereinafter referred to as “the Office”) was established to ensure performance of the functions of the Corporate Secretary in NC KTZ JSC. The Office is a business unit of the Company with six employees. Employees of the Office possess relevant competencies and skills, sufficient to exercise their duties.


EXTRACT FROM THE MINUTES of the in-person meeting of the Management Board of Sovereign Wealth Fund “Samruk-Kazyna” Joint-stock Company  № 20/19 June 24, 2019

EXTRACT FROM THE MINUTES of the in-person meeting of the Management Board of Sovereign Wealth Fund “Samruk-Kazyna” Joint-stock Company  № 26/19 August 12, 2019



Attachment Size
Regultaions on BoD JSC NC KTZ 255 KB
Regulations CA JSC NC KTZ 283 KB
Regulations on the strategy and finance committee of the board of directors of joint stock company JSC NC KTZ 61 KB
Regulations on the Committee on safety and Environmental Protection 21.17 KB
Regulations on the Nominations and Remuneration Committee of  the Board of Directors 83.5 KB
Regulations on the Corporate Secretary 83.5 KB
The work plan of the Board of Directors of JSC NC KTZ for 2019 year 239 KB