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Roundtable in Astana, Kazakhstan
arranged by University of International Business (UIB) together
with CIPE "Building the Grass-Roots Foundation for Corporate
Governance in Kazakhstan" Discussed general principles of corporate
governance, including 1. Working principles of the Board of Directors,
including accountability issues, obligations to shareholders, appropriate
management style 2. Selecting and Nominating Directors, including
setting their responsibilities, ensuring their independence from
company management, their ability to perform independent judgement,
their ability to maintain sound internal controls to safeguard shareholders'
investments and company assets 3. Internal Audits, including setting
up an audit committee and presenting quarterly reports to shareholders
4. Shareholders, including ensuring regular and systematic communication
between investors and the company through all forms of media 5.
Information disclosure, including regular publication of materials
on corporate governance policy
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