Askar Mamin held meeting of Board of Directors of Baiterek NMH JSC
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A regular meeting of the Board of Directors of Baiterek NMH JSC was chaired by the Prime Minister of the Republic of Kazakhstan Askar Mamin, Kazpravda.kz reports with reference to the press service of the Prime Minister of the Republic of Kazakhstan.
The meeting examined the key performance indicators of the Holding in terms of achieving financial results, raising funds in capital markets, supporting entrepreneurship, improving housing affordability, developing customer-oriented practices.
Net profit was fulfilled by 174% and amounted to 34.72 billion tenge (plan - 19.98 billion tenge). Assets of Baiterek holding at the end of the year amounted to 4,719 billion tenge (103% of the plan).
During the meeting, the annual report, reports on the progress of the Development Plan and the annual budget of the Holding following the results of 2018 were approved.
In addition, the Board of Directors approved the Action Plan for improving the corporate governance of the Holding for 2019-2020. The action plan contains 47 activities for further development of corporate governance. Also, preliminary amendments and additions to the Code of corporate governance of the company were considered for their subsequent approval by the sole shareholder.
Members of the Board of Directors approved the report of the Holding’s Internal Audit Service for the II quarter of 2019 and amended the Rules for procurement of goods, works and services of the Financial Development Institute.