Halyk Bank of Kazakhstan reports compliance with Kazakh (country) corporate governance code

13.06.24 10:45
/KASE, June 13, 2024/ – Halyk Bank of Kazakhstan JSC (Almaty), whose securities are officially listed on Kazakhstan Stock Exchange (KASE), has informed KASE about the following: quote The Bank has assessed compliance with the principles of the Model Code* and concluded that 93.0% of the total principles of the Model Code were met. Starting in 2021, there has been a positive trend in compliance with the principles of the Model Code from 85.5% to 93.0%. The Bank is continuously working on the development of the corporate governance system, in particular: the principles and policies of sustainable development (ESG) are being introduced into the corporate governance system, a project is being implemented to automate the process of work of collegial bodies, the committees under the Board of Directors of the Bank have been transformed, we have an effective risk management system and internal control, we regularly improve the qualifications of internal audit, risk management, compliance and corporate secretary employees. * Model Code - Corporate Governance Code of the Republic of Kazakhstan (approved by the decision No. 4 of the Presidium of the National Chamber of Entrepreneurs of the Republic of Kazakhstan "Atameken" dated April 27, 2021). unquote This information is available on – https://kase.kz/files/emitters/HSBK/hsbk_information_120624.pdf [2024-06-13]