/KASE, June 9, 2025/ – Halyk Bank of Kazakhstan JSC (KASE ticker – HSBK)
has reported the following:
quote
...The Bank assessed compliance with the principles of the Model Code* and
concluded that 94.7% of the total number of principles of the Model Code were
complied with. Since 2021, there has been a positive trend in compliance with
the principles of the Model Code from 85.5% to 94.7%.
The Bank is continuously working on developing the corporate governance
system, in particular: principles and policies of sustainable development (ESG)
are being introduced into the corporate governance system, a project to
automate the work process of collegial bodies is being implemented, the
committees of the Bank's Board of Directors have been transformed, a long-term
motivation program for key employees of the Bank has been implemented, the
Bank has an effective risk management and internal control system, regularly
improves the qualifications of employees of the internal audit, risk management
service, compliance and corporate secretary.
*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 posted at –
https://kase.kz/files/emitters/HSBK/hsbk_information_030625.pdf
[2025-06-09]