CORPORATE GOVERNANCE

About Us

Joint Stock Company «Mortgage Organization «Kazakhstan Mortgage Company» was established in 2000 in accordance with the resolution of the Board of the National Bank of the Republic of Kazakhstan in order to implement the Concept of long-term financing of Housing construction and development of mortgage lending. The company became one of the first mortgage organizations in the post-Soviet space, whose activities are aimed at implementing the state housing policy.

 

In 2020, JSC «Mortgage Organization «Kazakhstan Mortgage Company» was reorganized by joining JSC «Baiterek Development» and JSC «Housing Construction Guarantee Fund». After the reorganization, the Company became a Single operator of housing construction and in January 2021 changed its name to JSC «Kazakhstan Housing Company». JSC Housing Construction Guarantee Fund was established in 2016 on the basis of the previously operating JSC «Kazakhstan Mortgage Guarantee Fund». The task of the fund was to create an effective mechanism to protect the rights and interests of shareholders by guaranteeing the completion of shared-equity construction. JSC «Baiterek Development» (until 2014 – JSC «Stress Assets Fund») performed the functions of a financial operator of the state program of housing and communal development «Nurly Zher» for 2020-2025 in the direction of financing the construction of credit housing through the purchase of government securities of local executive bodies, as well as monitoring the progress of construction of credit housing. Other areas of the Company’s activity were the implementation of investment projects in the construction industry and the completion of activities initiated as part of the anti-crisis measures of 2009-2010, and EXPO-2017 projects.

 

JSC «Kazakhstan Housing Company» has included in its activities the main areas of work of the combined companies, and is also developing a number of new areas in accordance with the adopted Development Strategy for 2021-2023. The created Unified Housing Construction Operator will ensure the further implementation of state measures aimed at increasing the provision of high-quality and comfortable housing for the population of the country, including by supporting the construction industry, creating conditions for a balanced growth of supply and demand in the housing market and mortgage lending.

About Us

Joint Stock Company «Mortgage Organization «Kazakhstan Mortgage Company» was established in 2000 in accordance with the resolution of the Board of the National Bank of the Republic of Kazakhstan in order to implement the Concept of long-term financing of Housing construction and development of mortgage lending. The company became one of the first mortgage organizations in the post-Soviet space, whose activities are aimed at implementing the state housing policy.

 

In 2020, JSC «Mortgage Organization «Kazakhstan Mortgage Company» was reorganized by joining JSC «Baiterek Development» and JSC «Housing Construction Guarantee Fund». After the reorganization, the Company became a Single operator of housing construction and in January 2021 changed its name to JSC «Kazakhstan Housing Company». JSC Housing Construction Guarantee Fund was established in 2016 on the basis of the previously operating JSC «Kazakhstan Mortgage Guarantee Fund». The task of the fund was to create an effective mechanism to protect the rights and interests of shareholders by guaranteeing the completion of shared-equity construction. JSC «Baiterek Development» (until 2014 – JSC «Stress Assets Fund») performed the functions of a financial operator of the state program of housing and communal development «Nurly Zher» for 2020-2025 in the direction of financing the construction of credit housing through the purchase of government securities of local executive bodies, as well as monitoring the progress of construction of credit housing. Other areas of the Company’s activity were the implementation of investment projects in the construction industry and the completion of activities initiated as part of the anti-crisis measures of 2009-2010, and EXPO-2017 projects.

 

JSC «Kazakhstan Housing Company» has included in its activities the main areas of work of the combined companies, and is also developing a number of new areas in accordance with the adopted Development Strategy for 2021-2023. The created Unified Housing Construction Operator will ensure the further implementation of state measures aimed at increasing the provision of high-quality and comfortable housing for the population of the country, including by supporting the construction industry, creating conditions for a balanced growth of supply and demand in the housing market and mortgage lending.

History of the Company’s development

2021

Name change to JSC «Kazakhstan Housing Company»‎

2020

Reorganization of the Company. Creation of a Single housing construction Operator. Joining of «Baiterek Development»‎ JSC and «Housing Construction Guarantee Fund»‎ JSC

2018

Launch of the mortgage product «Orda». Implementation of the Mortgage Loan Refinancing Program of the National Bank of the Republic of Kazakhstan

2016

Implementation of the Housing Construction Program «Nurly Zher» for 2020-2025 years

2014

Implementation of the Regional Development Program until 2020

2013

Transfer of the Company's shares to the management of JSC «National Managing Holding «Baiterek»

2012

Implementation of the state program «Affordable Housing»

2011 - 2014

Implementation of a special mortgage lending program for affordable housing in Almaty

2004 - 2007

Implementation of the State program for the development of housing construction of the Republic of Kazakhstan

2004

Creating a regional network

2002

Issue of the first mortgage bonds

2000

Establishment of the Company by the National Bank of the Republic of Kazakhstan

Development strategy

Mission: Providing the population of Kazakhstan with affordable and quality housing.

Vision: Key development institution in providing affordable housing for the people of Kazakhstan.

Strategic directions of JSC “Kazakhstan Housing Company” activities:

Direction 1. Support for housing supply

Goal: to increase the volume of housing construction by stimulating the private sector and to become a “single window” of service for developers.

Tasks:

  1. Financing of housing construction through the purchase of LEB bonds;
  2. Guarantee of equity participation in housing construction;
  3. Subsidizing loans of private developers;
  4. Renovation of dilapidated housing;
  5. Financing of urban development investment projects and development of standards for integrated development.

Direction 2. Support for housing demand

Goal: to increase the availability of housing for citizens of Kazakhstan.

Objectives:
1. Acquisition of mortgage rights of claim and securitization;
2. Issuance of mortgage loans through agent banks;
3. Provision of rental housing with redemption under the “Nurly zher” program;
4. Subsidizing part of the interest rate on mortgage loans issued to the population by second-tier banks.

Direction 3. Development of information

Goal: Digitalization of the Company’s products and development of analytics.

Objectives:
1. “Nurly zher” Command center;
2. Marketplace of building materials;
3. Housing portal;
4. Qazreestr.

Direction 4. Socially oriented and anti-crisis programs

Goal: to create jobs and ensure timely return of allocated funds.

Objectives:
1. redemption of LEB bonds as part of the 2020-2021 Employment Roadmap;
2. return of funds allocated for Expo 2017 projects and other properties;
3. return of funds from Halyk Bank of Kazakhstan JSC and Development Bank of Kazakhstan JSC.

Sole shareholder

Sole shareholder

The sole shareholder of JSC «Kazakhstan Housing Company» is JSC «National Managing Holding «Baiterek», which owns 100% of the voting shares of the company.

 

Baiterek Holding is an integrated development institute, which includes 9 subsidiaries: JSC «Development Bank of Kazakhstan», JSC «Housing Construction Savings Bank «Otbasy Bank», JSC «EDF «Damu», JSC «Kazakhstan Housing Company», JSC «EIC «Kazakh Export», JSC «Kazyna Capital Management», JSC «Agrarian Credit Corporation», JSC «KazAgroFinance», JSC «Fund for Financial Support of Agriculture».

 

By the Decree of the Government of the Republic of Kazakhstan dated March 30, 2021 No. 175, the rights of ownership and use of the state block of shares of the Baiterek Holding were transferred to the Ministry of National Economy of the Republic of Kazakhstan.

 

The mission of the Baiterek Holding: promote sustainable economic development of the Republic of Kazakhstan in order to implement state policy and achieve the goals set by the Strategy 2050.

 

The vision of the Baiterek Holding: a key institution of the Government of the Republic of Kazakhstan that meets advanced corporate governance standards and ensures the implementation of tasks for the sustainable development of the economy of Kazakhstan through its diversification, support for innovation, export development, and increased labor productivity.

 

The official website of the Baiterek Holding: https://www.baiterek.gov.kz/

Sole shareholder

Sole shareholder

The sole shareholder of JSC «Kazakhstan Housing Company» is JSC «National Managing Holding «Baiterek», which owns 100% of the voting shares of the company.

 

Baiterek Holding is an integrated development institute, which includes 9 subsidiaries: JSC «Development Bank of Kazakhstan», JSC «Housing Construction Savings Bank «Otbasy Bank», JSC «EDF «Damu», JSC «Kazakhstan Housing Company», JSC «EIC «Kazakh Export», JSC «Kazyna Capital Management», JSC «Agrarian Credit Corporation», JSC «KazAgroFinance», JSC «Fund for Financial Support of Agriculture».

 

By the Decree of the Government of the Republic of Kazakhstan dated March 30, 2021 No. 175, the rights of ownership and use of the state block of shares of the Baiterek Holding were transferred to the Ministry of National Economy of the Republic of Kazakhstan.

 

The mission of the Baiterek Holding: promote sustainable economic development of the Republic of Kazakhstan in order to implement state policy and achieve the goals set by the Strategy 2050.

 

The vision of the Baiterek Holding: a key institution of the Government of the Republic of Kazakhstan that meets advanced corporate governance standards and ensures the implementation of tasks for the sustainable development of the economy of Kazakhstan through its diversification, support for innovation, export development, and increased labor productivity.

 

The official website of the Baiterek Holding: https://www.baiterek.gov.kz/

Board of Directors

Yap Chin Beng

Member of the Board of Directors, independent director

Committees under the Board of Directors

Strategic Planning and Corporate Development Committee

The Committee was created with the aim of preparing recommendations to the Board of Directors of JSC “Kazakhstan Housing Company” on the development of priority areas of activity (development), strategic goals (development strategy) of JSC “Kazakhstan Housing Company”, including issues on the development of measures to improve the efficiency of JSC “Kazakhstan Housing Company “in the medium and long term.

 

The chairman of the committee is Yap Chip Beng.

Committee members:

  • Suentaev Damir Serkbaevich;
  • Askar Raushanuly Yelemesov
  • Aukenov Yerlan Muratovich.

Regulations on the Committee for Strategic Planning and Corporate Development of the Board of Directors of Kazakhstan Housing Company JSC (pdf, 3 MB)

Audit and Risk Management Committee

The Committee was created in order to improve the efficiency and quality of the Board of Directors’ work by preparing recommendations for the Board of Directors on establishing an effective control system over the financial and economic activities of Kazakhstan Housing Company JSC (including for the completeness and reliability of financial statements), for monitoring the reliability and the effectiveness of internal control and risk management systems, as well as the execution of documents in the field of corporate governance, control over the independence of external and internal audit.

 

Chairman of the Committee – Yelemesov Askar Raushanuly.

Committee members:
Son Viacheslav Vladimirovich;
Suentaev Damir Serkbaevich;
Yap Ching Beng.

Regulations on the Internal Audit and Risk Management Committee of the Board of Directors of Kazakhstan Housing Company JSC (pdf, 3 MB)

Human Resources, Remuneration and Social Affairs Committee

The Committee was created in order to improve the efficiency and quality of the Board of Directors’ work through in-depth study and monitoring of issues related to the competence of the Board of Directors in the field of personnel policy, the system of appointments and remuneration, improvement and efficiency of the social policy of Kazakhstan Housing Company JSC, as well as performance assessment in in general, and members of the Board of Directors of the Company, members of the Management Board of Kazakhstan Housing Company JSC, as well as the Corporate Secretary and foreign specialists employed by Kazakhstan Housing Company JSC, in particular.

 

The chairman of the committee is Damir Serkbaevich Suentaev.

Committee members:

Yap Ching Beng;

Elemesov Askar Raushanuly;
Aukenov Yerlan Muratovich;

 

 

Regulations on the Human Resources, Remuneration and Social Issues Committee of the Board of Directors of Kazakhstan Housing Company JSC (pdf, 3 MB)

Governing body

Organizational structure of JSC "Kazakhstan Housing Company"

Sustainable development

JSC “Kazakhstan Housing Company” is focused on balanced sustainable development and value creation for a wide range of stakeholders in the long term. JSC “Kazakhstan Housing Company” strives to effectively manage the impact of its activities on the environment, economy, society and makes decisions taking into account the interests of stakeholders.

 

Solving tasks in the field of sustainable development, JSC “Kazakhstan Housing Company” relies on its mission, the provisions of the Development Strategy of the Company, and also uses international norms of behavior and principles enshrined in international standards in the field of sustainable development.

 

The use of international standards in the field of sustainable development JSC “Kazakhstan Housing Company” considers as a necessary condition for ensuring the compliance of its activities with the best international practice and achieving goals and objectives in the field of sustainable development.

 

The Sustainable Development Policy is in force at Kazakhstan Housing Company JSC. Its provisions are subject to observance by all employees of the Company in terms of interaction with stakeholders, when planning and implementing their activities, developing internal documents, disseminating information and other types of communication.

Sustainable Development Policy of JSC "Kazakhstan Housing Company" (pdf, 3 MB)

Sustainable Development Reports:

Sustainable Development Report of JSC "Kazakhstan Housing Company" for 2020 (pdf, 3 MB)

Corporate secretary

In order to efficiently organize the activities of the Board of Directors and the interaction of the Management Board with the Sole Shareholder, a corporate secretary is appointed by the Board of Directors.

The main tasks of the corporate secretary within the framework of his activities are:

  • development of the corporate governance system;
  • monitoring compliance with the best corporate behavior practices;
  • organization of meetings of the Board of Directors and its committees;
  • support for the work of the Board of Directors and its committees;
  • ensuring effective interaction between the bodies of Kazakhstan Housing Company JSC;
  • protection of the rights and interests of the Sole Shareholder;
  • disclosure (provision) of information about Kazakhstan Housing Company JSC and storage of documents of Kazakhstan Housing Company JSC in accordance with the requirements of the legislation and internal documents of Kazakhstan Housing Company JSC.

The corporate secretary is accountable to the Board of Directors and is independent from the executive body.

The corporate secretary of Kazakhstan Housing Company JSC is
Ibraimov Rustembek Kuatalinovich.

Email address mail: ibraimov@khc.kz
Phone: +7 (7172) 79-75-75 (ext. 2350)
Postal address: Republic of Kazakhstan, Z05T3E2, Nur-Sultan, Esil district, Mangilik El ave,
d. 55A.

 

 

Internal Audit Service

The Internal Audit Service (IAS) exercises control over financial and economic activities, provides independent reasonable guarantees and consultations aimed at improving the Company’s activities and increasing the efficiency of the Company’s management, including risk management, internal control and corporate governance systems.

Mission
The mission of the IAS of Kazakhstan Housing Company JSC is to provide the necessary assistance to the Board of Directors and the Executive Body in fulfilling their responsibilities to achieve the strategic goals of Kazakhstan Housing Company JSC.

Goals
The main goal of the IAS is to monitor the financial and economic activities of Kazakhstan Housing Company JSC and provide the Board of Directors with independent reasonable guarantees and consultations aimed at improving the activities and increasing the management efficiency of Kazakhstan Housing Company JSC, including risk management systems, internal control and corporate governance of Kazakhstan Housing Company JSC, in accordance with the powers determined by the Board of Directors and the Regulation on the Internal Audit Service.

Regulations on the Internal Audit Service of Kazakhstan Housing Company JSC (pdf, 3 MB)

IACOP provides reasonable assurances in the following areas:
efficiency of internal control systems, risk management, corporate governance;
efficiency of internal policies, documents and processes of Kazakhstan Housing Company JSC;
reliability, safety and quality of the information systems used.

IAS is responsible to the Board of Directors:
for untimely and poor-quality performance of the tasks and functions of the IAS in accordance with the Regulations of the IAS of Kazakhstan Housing Company JSC, other internal documents of the Company;
for failure to fulfill their duties in accordance with the legislation of the Republic of Kazakhstan, labor contracts and job descriptions.

Accountability

The IAS of Kazakhstan Housing Company JSC in its activities is independent of the influence of the members of the Management Board and other persons and in order to properly perform the tasks and functions assigned to it, to ensure objective and impartial judgments.

A responsibility

Interference of members of the Management Board and other persons in the processes of determining participants (subjects), subjects (objects), volumes and periods of audit, planning and execution of audit assignments, formation and submission of reports by IAS on the results of its activities is not allowed.

 

The head of the Internal Audit Service is Elena Viktorovna Karataeva.

 

Email address mail: ekaratayeva@khc.kz
Phone: +7 (7172) 79-75-75 (ext. 2348)
Postal address: Republic of Kazakhstan, Z05T3E2, Nur-Sultan, Esil district, Mangilik El ave,
d. 55A.

Compliance and anti-corruption

The Compliance Control Service of Kazakhstan Housing Company JSC is part of the corporate governance system and is responsible for managing compliance risk – the risk of losses (material and reputational) due to non-compliance by Kazakhstan Housing Company JSC and its employees with the requirements of the legislation of the Republic of Kazakhstan and internal regulatory documents JSC “Kazakhstan Housing Company”.

 

The main tasks of the Compliance Control Service are:


• organization and implementation of compliance control, as well as compliance risk management in Kazakhstan Housing Company JSC;
• ensuring the timely generation of reports and other information provided to the authorized bodies and structural divisions of Kazakhstan Housing Company JSC;
• increasing the compliance culture of JSC “Kazakhstan Housing Company”;
• implementation of preventive measures to prevent and combat corruption, provided for by the legislation of the Republic of Kazakhstan and internal documents of Kazakhstan Housing Company JSC;
• ensuring the existence of an internal control system in Kazakhstan Housing Company JSC;
• ensuring the safety of the activities of Kazakhstan Housing Company JSC;
• ensuring information security of Kazakhstan Housing Company JSC.

Anti-corruption policy

JSC “Kazakhstan Housing Company” seeks to build transparency and intolerance to manifestations of corruption in the Company.

 

The organization has developed and is implementing measures to prevent corruption offenses, which provide for comprehensive and systemic measures to improve internal regulatory documentation, conduct anti-corruption monitoring and analysis, and train personnel in anti-corruption legislation of the Republic of Kazakhstan. Anti-Corruption Policy and Anti-Corruption Standard are in force.

 

In order to prevent fraudulent, corruption and other illegal actions, as well as improve the quality of customer service, we ask you to inform about possible or known facts of fraud and corruption among employees of Kazakhstan Housing Company JSC and employees of other organizations and institutions related to the activities of JSC Kazakhstan Housing Company “.

 

Information is received through any of the following communication channels that ensure confidentiality:


Email address mail: SKK@khc.kz
Helpline: +7 (7172) 79-75-75 (ext. 4444);
Postal address: Republic of Kazakhstan, Nur-Sultan, st. Mangilik El, 55A.

CORPORATE GOVERNANCE

Ombudsman

In order to implement the requirements of the legislation of the Republic of Kazakhstan and internal documents of JSC “Kazakhstan Housing Company” on the settlement of corporate conflicts and conflicts of interest, the institution of the Ombudsman was introduced in JSC “Kazakhstan Housing Company”.

 

The task of the Ombudsman is to organize the consideration of disputes arising on the observance of business ethics and the settlement of conflicts of interest.

 

All employees of the Company, clients, partners and other interested persons have the right to contact the Ombudsman.

 

The Ombudsman of Kazakhstan Housing Company JSC is Akrachkova Dina Viktorovna, Chief of Staff of JSC “National Managing Holding” Baiterek “.

 

For violations of labor legislation by any employee and official of Kazakhstan Housing Company JSC, internal procedures and provisions of the Code of Business Conduct of Kazakhstan Housing Company JSC, as well as facts and situations that may lead to a corporate conflict and conflict of interest, please contact to the Ombudsman through the following communication channels:
Email address mail:ombudsmen@baiterek.gov.kz
Phone: +7 (7172) 907-817
Postal address: Republic of Kazakhstan, Z05T3E2, Nur-Sultan, Esil district, 55A Mangilik El ave.

Legislation and regulations

Law of the Republic of Kazakhstan dated August 31, No. 2444 "On banks and banking activities in the Republic of Kazakhstan" (pdf, 3 MB)

Corporate documents

As part of the State program of housing and communal development “Nurly zher” for 2020-2025 (approved on 31.12.2019 № 1054) JSC “Kazakhstan Housing Company” continues to implement the direction of rental housing with redemption for socially vulnerable populations.

Strategy

Development strategy of JSC "NMH" Baiterek "for 2014 - 2023 (pdf, 3 MB)

Constituent documents

Charter of JSC "Kazakhstan Housing Company" (pdf, 3 MB)

Amendments and additions to the Charter of JSC «Kazakhstan Housing Company» dated 06/16/2021

Amendments and additions to the Charter of JSC «Kazakhstan Housing Company»

The provisions

Regulations on the Board of Directors of JSC "Kazakhstan Housing Company" (pdf, 3 MB)

Codes

Corporate Governance Code of JSC "Kazakhstan Housing Company" (pdf, 3 MB)

Politics

Disclosure Policy (pdf, 3 MB)

Rules

Rules for the organization of internal audit of JSC "Kazakhstan Housing Company" (pdf, 3 MB)

Regulations

Regulations of JSC "Kazakhstan Housing Company" on working with problem loans (pdf, 3 MB)

Standard forms of documents

A standard contract for the trusted management of voting shares

Stakeholders

Map of stakeholders of JSC "Kazakhstan Housing Company" (pdf, 3 MB)

Registers of affiliated persons

Career

The main value of Kazakhstan Housing Company JSC is its employees. Our employees are professionals in their field, motivated and focused on high results.

 

The main goal of the HR policy of JSC “Kazakhstan Housing Company” is the formation of professional personnel motivated to achieve the strategic goals and objectives of JSC “Kazakhstan Housing Company”.

 

Kazakhstan Housing Company JSC has a competitive selection system for candidates for vacant positions, which is aimed at selecting the best candidates, in accordance with the requirements for the level of qualifications and professional competence of candidates, based on their professional qualities, as well as those personal qualities that may be useful when working in the team of the Company.

 

If you want to become a part of the professional team of Kazakhstan Housing Company JSC, send your resume to the email address hr@khc.kz.
Specialist of the Department of Technical Monitoring

Key job responsibilities:
Control over the progress of construction of facilities under contracts concluded by the Company, including timing, cost, visits, inspection, input of data on facilities into the Situation Center, acceptance of work performed and commissioning of facilities. Methodological support for the work of the Situation Center. Control over the development of financial resources during construction. Monitoring of the execution of state programs by local executive bodies, including business trips to visit objects, entering data on objects in the Situation Center, providing information to the CDS and housing and communal services.
Qualification requirements for a vacant position:
Higher (or postgraduate) economic education. Experience in the financial sector is required. Work experience at least 2 years. Work experience in government agencies is desirable.
Key job responsibilities:
Control over the progress of construction of facilities under contracts concluded by the Company, including timing, cost, visits, inspection, input of data on facilities into the Situation Center, acceptance of work performed and commissioning of facilities. Methodological support for the work of the Situation Center. Control over the development of financial resources during construction. Monitoring of the execution of state programs by local executive bodies, including business trips to visit objects, entering data on objects in the Situation Center, providing information to the CDS and housing and communal services.
Qualification requirements for a vacant position:
Higher (or postgraduate) economic education. Experience in the financial sector is required. Work experience at least 2 years. Work experience in government agencies is desirable.

NMH Baiterek JSC announces a competition for vacant positions of independent directors of Kazakhstan Housing Company JSC:

Name of vacancies: Independent director

Company name: Board of Directors of of Kazakhstan Housing Company JSC (hereinafter referred to as the Company)

  1. General requirements for independent directors
    1. A candidate for election as an independent director to the board of directors must:
  • Meet the definition of an independent director in accordance with the Law of the Republic of Kazakhstan “On Joint Stock Companies”.
  • Have general information about key issues specific to an organization similar in scope and nature of the Company’s activities, have international experience in a similar industry/sector and professional experience of at least 2 years prior to the nomination, and also demonstrate an understanding of:
  • legal requirements in relation to the Company;
  • competitive environment in the national and international markets.

1.3. Be able to analyze and objectively evaluate the information provided and develop an independent position on the issue based on the principles of legality, fairness and equal treatment of all shareholders. To have the ability to express one’s own opinion and defend one’s point of view with reason.

1.4. Know the principles of corporate governance and sustainable development.

1.5. Have an impeccable reputation / positive achievement in the business and (or) industry environment. The biography of the candidate should not contain facts of committing a crime in the field of economic activity, as well as administrative offenses in entrepreneurial activity.

1.6. Have enough time to participate in the work of the Board of Directors not only during the meetings of the Board of Directors, but also to properly study the materials for the meetings of the Board of Directors.

1.7. Not being a member of more than 3 (three) boards of directors of other companies.

1.8. Annually carry out the procedure for confirmation of independence and inform the company in case of loss of the status of an independent director.

 

  1. Special requirements:

2.1. Special requirements for candidates for the position of independent directors – specialists in the field of finance, audit and control.

 

2.1.1. Higher education in economics and (or) finance, additional education / professional certification in financial management / financial analysis / accounting / taxation / audit / risk management.

 

2.1.2. Work experience in the specialty for at least 7 years.

 

2.2.3. Executive work experience of at least 3 years in governing bodies or executive bodies of financial organizations / holding structures / government bodies / international financial organizations / in the field of regulation of financial services and (or) work experience in governing bodies / executive bodies / as a leader / partner.

 

2.2. Special requirements for candidates for the position of independent directors – specialists in the field of remuneration / social issues / corporate culture.

 

2.2.1. Higher education and (or) the degree of “Master of Business Administration” / “Doctor of Philosophy” and (or) additional education in the management field. Possess knowledge of human resource management / social development theory.

 

2.2.2. At least 3 (three) years of work experience in management bodies or executive bodies in holding structures/national companies and (or) experience in management bodies/executive bodies and (or) as a manager/partner in companies specializing in business or HR consulting, and (or) experience as an HR director / manager supervising the structural unit for HR / legal due diligence / corporate conflict resolution in Kazakhstani and international companies with an annual turnover of at least 20 million US dollars.

 

2.2.3. Have at least 5 years of experience in management positions / in the field of working with top and middle management personnel.

 

2.3. Special requirements for candidates for the position of independent directors – specialists in the field of startegic management.

 

2.3.1 Higher education in economics or finance and (or) higher technical education, additional education / professional certification in strategic management, financial management / audit / risk management.

 

2.3.2. Work experience in the specialty for at least 5 years.

 

2.3.3. Work experience of at least 5 years in governing bodies or executive bodies of financial organizations / holding structures / government bodies / international financial organizations / in the field of regulation of financial services and (or) work experience in governing bodies / executive bodies / as a leader / partner in organizations for provision of strategic management services.

 

2.4. Special requirements for candidates for the position of independent directors – specialists in the field of risk management.

 

2.4.1. Higher education in economics and/or finance, additional education/professional certification in risk management/financial analysis/accounting/taxation/audit.

 

2.4.2. At least 3 years of work experience in management bodies or executive bodies in holding structures/national companies and (or) experience in management bodies/executive bodies and (or) as a manager/partner in companies specializing in risk management or consulting, and (or) experience as a director/manager in charge of a risk management structural unit.

 

Requirements for the availability of certificates:

The presence of professional international certificates in the field of finance / audit / strategic management is encouraged.

 

Working conditions:

Form of employment: contract

 

Candidates wishing to take part in the competition for the position of an independent director send the following documents to email: n.kozhakanov@baiterek.gov.kz :

1) an application of a candidate for participation in the competitive selection according to the attached sample;

2) a copy of the identity document of the candidate;

3) information about the candidate according to the attached form.

 

While selecting candidates for the Board of Directors, the following shall be considered:

1) work experience in managerial positions;

2) work experience as a member of the board of directors;

3) work experience;

4) education, specialty, including the availability of international certificates;

5) availability of competencies / managerial experience of at least 2 years in areas and industries (industries may vary depending on the asset portfolio);

6) business reputation;

7) the existence of a direct or potential conflict of interest;

8) availability of professional certification of the director “Certified director” (for independent directors).

 

A person cannot be elected to the Board of Directors:

1) who is a participant, head of the executive body, member of the management body or employee of a legal entity competing with the Company;

2) previously committed a corruption crime;

3) having an outstanding or unexpunged conviction in accordance with the procedure established by the legislation of the Republic of Kazakhstan;

4) who was previously the chairman of the board of directors, the first head of the executive body, the deputy first head, the chief accountant of another legal entity, for a period not more than one year before the adoption of a decision on the forced liquidation or forced buyout of shares or conservation of another legal entity declared bankrupt, according to established order. The specified requirement shall apply within five years after the date of the decision on forced liquidation or forced buyout of shares or conservation of another legal entity declared bankrupt in accordance with the established procedure;

5) being a member of the board of directors of four or more companies;

6) found guilty by the court of committing crimes against property, in the field of economic activity or against the interests of service in commercial or other organizations, as well as exempted from criminal liability on the basis of paragraphs 3), 4), 9), 10) and 12) of part one article 35 or article 36 of the Criminal Procedure Code of the Republic of Kazakhstan for the commission of these crimes, until the expiration of 5 (five) years from the date of repayment or removal in the manner prescribed by law, a criminal record or exemption from criminal liability.

 

Deadline for submission of documents:

Within 15 calendar days from the date of publication of the announcement.

Documents