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Plan of Kazakh National Welfare Fund board of directors’ activity approved

Business Materials 4 July 2012 12:26 (UTC +04:00)

Kazakhstan, Astana, July 4 / Trend D. Mukhtarov /

A regular full meeting of the board of directors of the Sovereign Wealth Fund Samruk-Kazyna chaired by Prime Minister Karim Massimov was held on July 3. A plan of the board of directors for the second half of the year was approved, the fund said.

The order of evaluating Samruk-Kazyna corporate governance has been approved during a meeting. The procedure has been developed on the basis of diagnostic techniques of corporate governance in the companies of Samruk-Kazyna. The principles of international best practice of the corporate governance have been laid in its basis.

A report on the risks for the first quarter of 2012 and the course of the 'People's IPO' programme's implementation has been heard at the meeting.

The appointment deputy chairman of the Samruk-Kazyna board, Kuandyk Bishimbaev has been approved for the position of a member of the Kazatomprom National Atomic Company's board of directors.

Staffing of the specialised committee under the Samruk-Kazyna board of directors has been approved. Member of the board Bolat Zhamishev has been elected as its chairman.

Other issues of the fund's activity have been considered and relevant decisions made.

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