Corporate Governance

LLP Eco Refining understands the value of good corporate governance in the success of the company. As a result, as part of its role, the Board supports high corporate governance standards. We need clearly defined roles and responsibilities, non-executive independence, boardroom and workplace diversity, an open and transparent culture, and the work of our committees in implementing the Company’s principles and policies throughout the LLP Eco Refining to get this right for our stakeholders.

Leadership

To guarantee that every choice we make is of the greatest quality, our Board aggressively challenges strategy.

Effectiveness

Our Board of Directors examines the directors' skills, expertise, knowledge, and independence on a regular basis.

Accountability

Every action we make is discussed in light of the dangers involved. Managing risk effectively .

Non-executive directors must not only work in the boardroom, but also have a solid understanding of the company and its relationships with key stakeholders. ” As a result, they should take advantage of opportunities to meet shareholders, key customers, and employees at all levels of the business.” Good corporate governance is critical to the success of LLP Eco Refining. Good collaboration between management and the control and audit authorities is essential for respecting and furthering the interests of all shareholders and instilling confidence in the LLP Eco Refining. conforms to Kazakhstan’s Code of Corporate Governance, which strives to build a transparent and accountable management and control system that delivers long-term value.

In 2018, the corporate structure was changed to that of a holding company. The management holding enables a flat, straightforward, and visible management structure. Because of speedier decision-making methods and increased accountability, we can focus on client needs and market demands. The Company cannot flourish without an effective framework in place to oversee interactions between the Board of Directors, the executive board, and the shareholders, as well as investor confidence that the Company’s management is using their funds properly to accomplish capitalization growth. Since its approval, LLP Eco Refining corporate governance has been subjected to annual diagnostics to ensure compliance with best standards. The diagnostics identify faults in the governance system and make recommendations for improving the company’s governance. Furthermore, depending on the diagnostic results, corporate governance reform initiatives are implemented to ensure conformity with worldwide best practices.

Furthermore, corporate governance reform measures are launched based on the diagnostic results to ensure compliance with global best practices. LLP Eco Refining recognizes the importance of corporate governance and prioritizes the application of corporate governance principles. increase in capitalization The corporate governance system in place at LLP Eco Refining enables the company to make effective decisions that encourage progressive and long-term growth in the best interests of all shareholders. In its governance initiatives, LLP Eco Refining adheres to worldwide best practices as well as the approaches of Kazakhstan’s corporate leaders.