Performance of the Board of Directors and Committees under the Board of Directors
In 2024, the Bank’s Board of Directors held a total of 15 meetings, including 12 in-person meetings, 2 meetings held by absentee voting, and 1 closed meeting. A total of 153 agenda items were reviewed. Decisions were made on 143 items during in-person meetings, 9 items through absentee voting, and 1 item during a closed meeting.
According to the Bank’s internal documents, the Board of Directors annually prepares its Activity Plan with the schedule of meetings for the previous year, based on the principle of rationality, efficiency and regularity. The activities of the Board of Directors of the Bank in 2024 were carried out in accordance with the 2024 Activity Plan of the Board of Directors of the Bank approved by the resolution of the Board of Directors of the Bank.
Key decisions made by the Board during the reporting period included the review and approval of the Bank’s Development Plan for 2024–2028, amendments to the Bank’s Articles, the election of members of the Management Board, changes in the composition of the Board of Directors, and transactions with related parties, provided that no preferential terms were granted.
The following issues were submitted to the Sole Shareholder and subsequently approved: the Annual Financial Statements and the Bank’s Annual Report for 2023, amendments and supplements to the Bank’s Articles and Corporate Governance Code, the approval of the external audit firm to conduct the audit of financial statements for 2024–2026 for the Bank, and determination of the amount of payment for its services.
The work of the Committees is presented in the table below.
|
Sr. No. |
Name of the Committee |
Number of meetings held |
Number of agenda items considered |
||||
|
2022 |
2023 |
2024 |
2022 |
2023 |
2024 |
||
|
1. |
Audit Committee of the Board of Directors |
10 |
11 |
11 |
65 |
56 |
56 |
|
2. |
Strategic Planning and Corporate Development Committee of the Board of Directors |
10 |
10 |
10 |
33 |
40 |
34 |
|
3. |
Human Resources, Remuneration and Social Affairs Committee of the Board of Directors |
10 |
11 |
12 |
26 |
11 |
25 |
|
4. |
Risk and Internal Control Committee of the Board of Directors |
10 |
11 |
10 |
63 |
61 |
72 |
Attendance of meetings of the Bank’s Board of Directors and Committees of the Bank’s Board of Directors:
|
Members of the Board of Directors |
Attendance of Meetings of the Board of Directors |
% |
|---|---|---|
|
Ersain Khamitov |
15/15 |
100 |
|
Sanzhar Zhamalov |
13/15 |
87 |
|
Nurlan Tokobayev |
15/15 |
100 |
|
Elmira Ermekova |
15/15 |
100 |
|
Lyazzat Ibragimova |
15/15 |
100 |
|
Member of the Committee |
Attendance of Meetings of the Audit Committee |
Attendance of Meetings of the Strategic Planning and Corporate Development Committee |
Attendance of Meetings of the Human Resources, Remuneration and Social Affairs Committee |
Attendance of Meetings of the Risk Management and Internal Control Committee |
||||
|
UOM |
% |
UOM |
% |
UOM |
% |
UOM |
% |
|
|
Ersain Khamitov |
8/11 |
73 |
8/10 |
80 |
11/12 |
92 |
8/10 |
80 |
|
Sanzhar Zhamalov |
11/11 |
100 |
10/10 |
100 |
10/12 |
83 |
10/10 |
100 |
|
Nurlan Tokobayev |
11/11 |
100 |
10/10 |
100 |
12/12 |
100 |
10/10 |
100 |
|
Elmira Ermekova |
11/11 |
100 |
10/10 |
100 |
12/12 |
100 |
10/10 |
100 |