Corporate governance

Charter of “KazTransOil” JSC (Download | View in new window)
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Progress Report on “KazTransOil” JSC compliance with principles and provisions of the Corporate Governance Code for 2019 (Download | View in new window)
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Progress Report on “KazTransOil” JSC compliance with principles and provisions of the Corporate Governance Code for 2018 (Download | View in new window)
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Report on “KazTransOil” JSC compliance with principles and provisions of the Corporate Governance Code for 2016 (Download | View in new window)
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Changes and additions to the Charter of “KazTransOil” JSC intoduced by the Resolution of the General Meeting of Shareholders of “KazTransOil” JSC as of May 27, 2016 (Minutes No. 3/2016) (Download | View in new window)
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Changes and additions to the Charter of “KazTransOil” JSC intoduced by the Resolution of the General Meeting of Shareholders of “KazTransOil” JSC as of May 28, 2014 (Minutes No. 1/2014) (Download | View in new window)
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Corporate Governance Code, Confirmed by the Resolution of the General Meeting of Shareholders of “KazTransOil” JSC as of 27 May 2016 (Minutes No. 3/2016) (Download | View in new window)
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The primary element, ensuring growth of company’s value, and guarantee that investor’s funds have been effectively used, is effective interaction system between the shareholders, the Board of Directors and the Management Board.

The principles of the Corporate Governance Code are:
  • Government as the Shareholder of the «Samruk-Kazyna» Sovereign Wealth Fund» JSC
  • Interaction between the «Samruk-Kazyna» Sovereign Wealth Fund» JSC and Organizations. The role of the «Samruk-Kazyna» Sovereign Wealth Fund» JSC as a National Holding Company
  • Sustainable Development
  • Shareholders’ rights and fair treatment of all shareholders
  • Effectiveness of the Board of Directors and Executive Body
  • Risk management, internal control and audit
  • Transparency
The bodies of «KazTransOil» JSC are:
  • General Meeting of Shareholders – supreme body;
  • Board of Directors – managerial body, performing Company’s overall management;
  • Management Board – collegial executive body, governing Company’s day-to-day operation, ensuring implementation of company’s Development strategy confirmed by the Board of Directors, and execution of resolutions of the Board of Directors and General Meeting of shareholders.
Current edition of «KazTransOil» JSC Charter was confirmed by resolution of the Sole Shareholder (minutes of the meeting of the Board of Directors of «KazMunayGas» NC JSC dated October 19, 2012 №8/2012).

The Corporate Governance Code was approved by the decision of the General Meeting of Shareholders of «KazTransOil» JSC dated May 27, 2016 (minutes №3/2016).

Regulation of relations with major shareholder is one of the important objectives of system of corporate governance of the Company. The relations system between «KazTransOil» JSC and «KazMunaiGas» NC JSC is built in accordance with the Republic of Kazakhstan legislation and in line with the charters of «KazTransOil» JSC and «KazMunaiGas» NC JSC.

The Independent Directors play an important role in ensuring of observance by the Company of its liabilities on corporate governance. Currently, the Board of Directors includes three independent directors. Independent directors chair the committees of the Board of Directors.

The Code of Corporate Ethics, setting the standards of business conduct of company’s staff members, was approved by the resolution of the Board of Directors of the Company (minutes of the meeting №3/2010 dated 10.03.2010).

Following the practice of information openness and availability, as well as provisions of «Kazakhstan Stock Exchange» JSC, the Company intends to maintain an open dialogue with financial analysts and international investment community on a whole.

Regulations on the Internal Audit Service of "KazTransOil" JSC (Download | View in new window)
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The Company does not have any obligation to provide interested persons the documents legally translated into English or any other language. Documents posted on the website in English, are not legal translation.

Site users must use the translated documents only to get an idea about the content of the Company approved documents placed on the website in Kazakh and / or Russian.

The Company shall not be held responsible for the correctness of the findings of the person concerned as to the correctness and completeness of the translation of documents into English, as well as conclusions on the rights of the person concerned and / or obligations of the Company, made on the basis of the documents posted on the website in English.