Corporate Governance
Corporate Governance System – a set of processes that ensure management and control over KMG’s activities, as well as a system of relationships between shareholders, the Board of Directors, the Management Board, and stakeholders.
The corporate Governance Code is the main document that determines the KMG's corporate governance practices and their improvement.
Key indicators for 2022
Profit,
billion tenge
Taxes and other
obligatory payments to the
budget, billion tenge
Purchases,
billion tenge
Share of local
content in purchases
Corporate Governance Rating
Based on the results of an independent examination conducted in 2021, KMG was assigned a corporate governance rating of «BBB». This rating means the compliance of the corporate governance system in all material respects with most of the established criteria, and at the same time proving the system is operating effectively.
KMG’s Corporate Governance Structure
Shareholders
Shareholders of NC KazMunayGas JSC are Samruk-Kazyna Joint Stock Company (67.42%), National Bank of the Republic of Kazakhstan (9.58%), Ministry of Finance of the Republic of Kazakhstan (National Fund of the Republic of Kazakhstan) – (20%) and minority shareholders (3%).
At the same time, the shares owned by the National Bank of the Republic of Kazakhstan are in trust of Samruk-Kazyna Joint Stock Company.
Corporate Secretary
Supports systematic communications between KMG and shareholders, shareholders and the Board of Directors, the Internal Audit Service, the Compliance Service, the Ombudsman, the Management Board, and other bodies of KMG.
Internal Audit Service
the field of internal control and risk management.