In Kazakhstan, since 2021, an anti-corruption compliance institute has been created and developed in the quasi-public sector. Anti-corruption services have been created in more than 5,000 organizations and companies with government participation.
The word “compliance” is still unfamiliar to Kazakhstanis; many do not fully understand its meaning. First and foremost, compliance is compliance with requirements, standards or rules.
In corporate culture, compliance implies the correct functioning of all processes in strict accordance with the law, standards and rules adopted by the company.
Compliance helps a company reduce the risks of illegal activities, violations in the workplace, inappropriate treatment of employees, and deception of counterparties in order to conduct transparent and efficient work.
In accordance with modern understanding, the role of the compliance function is not limited to issues of compliance with anti-corruption legislation. Compliance helps a company implement effective tools to ensure its activities comply with all applicable regulatory requirements.
In order to apply the best corporate governance practices, NC Kazakhstan Engineering JSC has introduced and is implementing a compliance control function, the purpose of which is to manage risks arising from the company’s failure to comply with the requirements of the legislation of the Republic of Kazakhstan, including regulatory legal acts of the authorized body in the field of anti-corruption , as well as internal company rules and procedures.
We remind you that the Company’s compliance service maintains a hotline for receiving reports of corruption violations, unethical behavior on the part of officials and employees of the Company and its subsidiaries and affiliates at the email address: firstname.lastname@example.org and tel.: 8 (7172 ) 72- 52-52, ext. 1110.