Development Bank of Kazakhstan strives to improve continuously the corporate governance system by conducting an appropriate assessment and implementing the best international practices in this area. With the resolution of the Sole Shareholder dated December 20, 2017 (Minutes No. 52/17) the Corporate Governance Code of Development Bank has been approved, which has been developed in accordance with the corporate governance standards of the Holding, the Organization for Economic Cooperation and Development and reflects the principles of corporate governance, following which contributes to the achievement of the Bank’s strategic goals.
The fundamental principles of the Corporate Governance Code are:
On October 3, 2023, the Management Board of the Bank made additions to the Regulation on Committees of Development Bank of Kazakhstan Joint Stock Company, approved by the decision of the Management Board of Development Bank of Kazakhstan JSC dated October 31, 2019. The functionality of the Change Management Committee (hereinafter - CMC) in the field of sustainable development was expanded. The CMC will approve proposals, recommendations in the field of sustainable development, including environmental, social and corporate governance (ESG) and review the progress of measures to implement ESG principles.