KEGOC JSC has been presented with the “Best Corporate Governance Practice” award within the Samruk-Kazyna JSC group of companies. The award is the result of many years of work by the Company to develop an effective governance model, the high standard of which is confirmed by independent and international assessments.
The starting point for this stage was the independent corporate governance diagnostic carried out in 2021 by Samruk-Kazyna JSC with the involvement of the international audit and consulting firm PricewaterhouseCoopers (PwC). As a result, KEGOC’s rating improved from BB to BBB, and the recommendations received formed the basis for further improvement of the work of the governing bodies, internal control and risk management.
In the years that followed, the progress achieved was also reflected at the international level. Under the S&P Global Corporate Sustainability Assessment, KEGOC’s ESG score rose from 51 points in 2023 to 55 points in 2024 and 62 points in 2025. The Company’s level of ESG disclosure was rated Very High, which testifies to the high transparency and completeness of the information disclosed.
“We have travelled the path from an independent diagnostic and the implementation of its recommendations to sustained growth in our international scores. For KEGOC, corporate governance is first and foremost about the quality of strategic decisions, accountability, openness and effective risk management. The award received testifies to the maturity of the model built within the Company,” said Elvira Konakhbayeva, Managing Director for Strategy and Sustainable Development of KEGOC JSC.
KEGOC’s corporate governance system is based on a clear division of powers, accountability and collegial decision-making. The Board of Directors provides strategic direction and oversight of the activities of the Management Board, while the dedicated committees consider matters of audit and risk, strategy, corporate and sustainable development, and appointments and remuneration.
Important elements of this model are the protection of shareholders’ rights, internal control, risk management and transparency of operations. They are embedded in decision-making processes and help to ensure a balance of stakeholder interests and the long-term sustainability of the Company.
KEGOC will continue to improve its corporate governance, adopt international best practice, and enhance the efficiency, transparency and quality of management decisions.