Development Bank of Kazakhstan announces automation of operation of the bank's Board of Directors

01.04.21 17:02
/KASE, April 1, 2021/ – Development Bank of Kazakhstan (Nur-Sultan), whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press release: quote Now members of the Board of Directors of DBK use a modern business process management system completely built on web technologies in accordance with the latest principles of corporate governance. It allows independent directors, non-residents of the Republic of Kazakhstan, to use electronic digital signatures for voting, approval and reconciliation of official documents in real time from anywhere in the world, which significantly increases productivity, simplifies work and saves funds intended for collegial body expenses. The efficiency of large companies and organizations largely depends on the level of optimality of the built business processes. Development Bank of Kazakhstan (DBK, a subsidiary of the Baiterek Holding) has completely modernized the internal information space and IT infrastructure. The course of implementation of lean management, or lean manufacturing methods, was taken back in 2019 in order to increase productivity, while saving time and resources. The result is visible today - the meeting of the Board of Directors of DBK was held for the first time in the BPM Simbase system. According to representatives of the Bank, it has become much easier to schedule meetings, send materials, as well as record the results of voting, minutes of decisions and other resulting documents, since they are generated automatically in the system, allowing members of collegial bodies to focus on the main thing. unquote The full press release is available on – https://kase.kz/files/emitters/BRKZ/brkz_reliz_010421_1.pdf [2021-04-01]