One of strategic trends of KazTransGas JSC activity (further – Company) is the improvement of corporate governance efficiency.
KazTransGas JSC assumes corporate governance as a means of efficiency improvement of the Company activity, strengthening of its image and costs reduction for capital attraction.
The main target of corporate governance development in the Company is the provision of sustainable growth of the Company capitalization and realization of One shareholder interests.
KazTransGas, understanding the importance of corporate governance, pays great attention to the introduction of corporate governance principles. In 2009, a Corporate Governance Code was approved. The Corporate Governance Code of the Company was worked out in accordance with the Corporate Governance Code of One shareholder – NC KazMunaiGas JSC.
Since the moment of CGC approval, the diagnostics of KTG corporate governance for compliance with the level of best practice corporate governance is annually done.
According to the results of diagnostics, the drawbacks in governance system are revealed and the steps for governance quality improvement in the Company are determined. Also, on the basis of diagnostics results, the measures on corporate governance improvement are hold for its compliance with the world best practice.
Diagnostics results demonstrate positive tendency of corporate governance development in the Company. High level of CG impacts not only economic indicators of the company activity, transparency improvement, full-value of decision making but, also, produces positive effect on investors’ perception of the company.
The compliance of CG level with the requirements of best available practice in accordance with international standards in 2012 amounted to 60,8% compared to 60,9% in 2011.
One shareholder has selected a model of CG, including participants: «active» shareholder, Board of Directors, the Board and Centralized Internal Audit Service.
Corporate Governance Code (download)