of October 14, 2025 No. 105
About introduction of amendments to the order of the Minister of national economy of the Republic of Kazakhstan of October 5, 2018 No. 21 "About approval of the Model code of corporate management in the joint-stock companies controlled by the state, except for National welfare fund"
I ORDER:
1. Bring in the order of the Minister of national economy of the Republic of Kazakhstan of October 5, 2018 No. 21 "About approval of the Model code of corporate management in the joint-stock companies controlled by the state, except for National welfare fund" (it is registered in the Register of state registration of regulatory legal acts for No. 17726) the following changes:
state Item 70 in the following edition:
"70. Board members are elected according to transparent and fair tender which considers competences, skills, achievements, goodwill and working experience of candidates. In case of re-election of certain board members or its complete structure for new term are taken into account their contribution to efficiency of activities of the board of directors of Society.
Selection of independent directors of Society and organization is performed on competitive basis according to Rules and selection criteria of independent directors (independent members) in structure of the board of directors (supervisory board) of joint-stock companies (limited liability partnerships) about hundred percentage participation of the state in the authorized capital, except for National welfare fund and the single accumulation pension fund, the approved order of the Deputy prime minister - the Minister of national economy of the Republic of Kazakhstan of August 29, 2025 No. 87 (it is registered in the Register of state registration of regulatory legal acts for No. 36761).";
state Item 218 in the following edition:
"218. To shareholders (the single shareholder) for the purpose of prevention of intervention of state bodies in operating activiies of Society, and also increase in responsibility of the boards of directors for the made decisions, it is necessary to refrain from election of board members, the being representatives of state bodies.
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