Committees

By participating in the work of committees, members of the Board of Directors of JSC National Geological Service (hereinafter referred to as the Board of Directors, NGS, respectively) focus on a detailed consideration and analysis of interrelated functions, issues and areas. Committee meetings are held with the participation of invited employees and other interested parties. The committees make recommendations to the Board of Directors for making an appropriate decision.

By the decision of the NGS Board of Directors dated November 1, 2022 (Minutes No. 2-2022-02), 3 Committees were created:

  1. Committee on Personnel, Remuneration and Social Issues of the Board of Directors of NGS

  2. Committee for Strategic Planning and Corporate Development of the Board of Directors of NGS

  3. Audit Committee of the Board of Directors of NGS

The Personnel, Remuneration and Social Issues Committee of the NGS Board of Directors is composed of the following:

  1. Syzdykov Askar Khamzaevich, Chairman of the Committee;

  2. Akbarov Erlan Yesenalievich, member of the Committee;

  3. Kuandykov Baltabek Mukhanovich;

  4. Kushelekov Arnur Zholdybekovich.

The Committee on Personnel, Remuneration and Social Affairs provides the Board of Directors with recommendations on the general personnel policy of the NHS, on the system of remuneration and professional development and evaluation of the performance of employees reporting to the Board of Directors. The work and recommendations of the Committee serve as the basis for planning the succession of the Board of Directors and the Management Board and ensuring continuous and objective monitoring of the activities of members of the Management Board, the corporate secretary and other employees in senior positions. His tasks also include the implementation of corporate standards, including the norms and rules of the Code of Business Ethics and the consideration of conflict situations related to internal and external conflicts.

The Strategic Planning and Corporate Development Committee of the NGS Board of Directors is composed of the following:

  1. Kuandykov Baltabek Mukhanovich, Chairman of the Committee;

  2. Akbarov Erlan Yesenalievich, member of the Committee;

  3. Syzdykov Askar Khamzaevich, member of the Committee;

  4. Kushelekov Arnur Zholdybekovich, member of the Committee.

The Strategic Planning and Corporate Development Committee is responsible for developing recommendations to the NHS Board of Directors on priority areas for the development of the NHS, strategic and budget planning. The Committee’s remit also includes recommendations for monitoring budget execution and control over the reliability and efficiency of corporate governance practices.

The role of the Audit Committee is to consider all issues related to internal and external (financial) audit, financial reporting, risk management, compliance legislation, procurement control and make recommendations to the Board of Directors, if necessary, making decisions on any issues that arise within the limits of its competence.

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