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07.12.2023

Baiterek Holding takes part in Corporate Governance Forum

Baiterek Holding takes part in Corporate Governance Forum

On December 7, 2023, Baiterek Holding participated in the National Forum on Corporate Governance themed "Corporate Governance – New Challenges." This event, organized by the National Council for Corporate Governance under the Presidium of the Atameken National Chamber of Entrepreneurs, featured presentations from esteemed global experts and leaders of financial institutions. The forum focused on current trends and emerging challenges in corporate governance, exploring shifts in the management paradigm, and showcasing instances of integrating international practices into Kazakhstani business and the quasi-public sector.

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Usen Galym, Deputy Chairman of the Board at Baiterek Holding, presented the commendable assessments received from independent experts, reflecting the Holding's elevated level of corporate governance. Specifically, the subsidiaries exhibited an average corporate governance development level surpassing 90%, while the Holding itself received a preliminary assessment of 98%.

Corporate governance stands as a crucial element of ESG activities, and Baiterek Holding ensures the harmony of its economic, environmental, and social objectives to foster sustainable development in the long term, – stated Usen Galym.

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Deputy Chairman of the Board also emphasized the Holding's dedicated focus on nurturing corporate governance within its subsidiaries. He outlined ongoing efforts directed at unifying and optimizing business processes to further enhance the overall effectiveness of governance practices.

For reference: Baiterek National Managing Holding is a cornerstone institution for the Government of the Republic of Kazakhstan, adhering to advanced standards of corporate governance. The Holding plays a vital role in diversifying the country's economy, supporting innovation, fostering export development, fortifying the agro-industrial complex, and addressing housing needs.

 


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