According to international standards, 60.8 percent of businesses met the requirements in 2019, compared to 60.9 percent in 2020. One shareholder has opted on a structure that includes the Board of Directors, shareholders, and the Centralized Internal Audit Service. Effective corporate governance is one of the most crucial factors of a company’s competitiveness. The Company cannot flourish without an adequate framework in place to oversee the interactions between the Board of Directors, the executive board, and the shareholders, as well as investors’ confidence that the management of the Company spends their funds effectively to achieve capitalization growth.

Since its approval, Zhanaozen Oil Refinery’s corporate governance has been submitted to yearly diagnostics to ensure compliance with the level of best practice corporate governance. The diagnostics identify shortcomings in the governance system and strategies to improve governance quality inside the organization. Based on the diagnostic results, corporate governance reform measures are being launched to ensure compliance with worldwide best practices. Since its approval, Zhanaozen Oil Refinery corporate governance has been subjected to yearly audits to ensure compliance with best practice corporate governance standards.

The diagnosis identifies governance system flaws and suggestions for improving governance quality inside the organization. Based on the diagnostic results, corporate governance reform measures are also launched to ensure compliance with worldwide best practices. Zhanaozen Oil Refinery, which recognizes the importance of corporate governance, places a high premium on implementing corporate governance standards. In 2019, a Corporate Governance Code was adopted. einsteiner uploading up to get together.

The Zhanaozen Oil Refinery’s personnel management system is designed to create a team of highly skilled specialists who are experts in their field, motivated by a shared sense of success, and willing to go above and beyond to achieve it. It is based on the competitiveness of the company as a whole. Candidates are chosen for open positions using a multi-stage competitive selection process and a careful examination of compliance with the position’s requirements. The continued development of human resources is a major focus. Each year, money is set aside for staff training and development.