of February 24, 2012 No. 74
About establishment of Requirements to domestic policy on compensation, charge of monetary rewards, and also other types of financial incentive of leading employees of bank, insurance (reinsurance) organization, insurance broker, branch of nonresident bank of the Republic of Kazakhstan, branch of the insurance (reinsurance) nonresident organization of the Republic of Kazakhstan, branch of the insurance nonresident broker of the Republic of Kazakhstan
According to the laws of the Republic of Kazakhstan of August 31, 1995 "About banks and banking activity in the Republic of Kazakhstan" and of December 18, 2000 "About insurance activity" the Board of National Bank of the Republic of Kazakhstan DECIDES:
1. For the purposes of this resolution the following concepts are used:
1) governing body - The board of directors of bank of the second level, the insurance (reinsurance) organization, insurance broker (except for the insurance brokers created in form of business of limited liability partnerships), relevant organ of management of nonresident bank of the Republic of Kazakhstan, the insurance (reinsurance) nonresident organization of the Republic of Kazakhstan, the insurance nonresident broker of the Republic of Kazakhstan;
2) the fixed remuneration - the fixed amount of compensation of leading employees of the financial organization (the permanent salary), for accomplishment of regulations of work (labor obligations) taking into account qualification of the worker, complexity, quantity, quality and conditions of the performed work;
3) unstable remuneration - other forms of monetary rewards, surcharges, allowances, awards, bonuses and other types of financial incentives, including shares of the financial organization, paid by the financial organization in addition to the fixed remuneration, depending on results of work;
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