The Board of Directors determines strategic goals, priority areas of development and sets the main guidelines for the Company's long-term activities, ensures the availability of the necessary financial and human resources to achieve the goals set. The Board of

Directors exercises control over the activities of the executive body of NC KTZ JSC.

The composition of the Board of Directors is balanced, which means a combination of members of the Board of Directors (representatives of shareholders, independent directors, the head of the executive body), ensuring decision-making in the interests of the organization and taking into account fair treatment of shareholders.

Members of the executive body, except for its head, may not be elected to the Board of Directors. The Head of the executive body cannot be elected Chairman of the Board of Directors.

The roles and functions of the Chairman of the Board of Directors and the Head of the executive body of the Company are clearly separated and fixed in the Charter.

The structure of the Board of Directors ensures a fair and objective representation of the interests of the Sole Shareholder.

The quantitative composition and term of office of the Board of Directors is determined by the Sole Shareholder.  

The Board of Directors consists of independent directors in sufficient numbers to ensure the independence of decisions and fair treatment of all shareholders. According to the Law of the Republic of Kazakhstan "On Joint Stock Companies", at least thirty percent of the

Board of Directors of the company shall be independent directors.
 

The requirements for the independence of an independent member of the Company's Board of Directors 

The committees