In order to strengthen the institute of independent directors and their role in making independent decisions, in July of this year «NC «Kazakhstan Engineering» JSC for the first time held an open contest for selection of candidates for the position of independent director - member of the Board of Directors in subsidiaries.
Taking into account the selection of independent directors, the company formed the compositions of subsidiaries.
The majority of independent directors are members of the Association «Qazaq Independent Directors». Each of them has high professional qualification and experience in various spheres of activity.
Last Friday, T. Abdrakhmanov, Chairman of the Management Board, invited independent directors of the Company's subsidiaries to review the current operations of the company and its subsidiaries and to discuss issues related to solution of urgent problems and further development prospects.
«The role of the internal audit service is essential for the company's activities. -noted the independent director of «Semey Engineering» JSC. - The auditor's expertise is no less important to the issues submitted to the Board of Directors».
Such meetings will be hold on a regular basis.
«We are working to improve our corporate governance system. We are working on a development of all processes. It is very important for us to work openly with independent directors on all issues» - T. Abdrakhmanov said.
Independent directors expressed their suggestions and wishes. In addition, it was made to hold meetings on a regular basis.