According to the law of the Republic of Kazakhstan on ‘Joint stock Companies’ by the decision of the company’s Sole Shareholder, Independent Directors of the company shall be remunerated and expenses related to their course of duty shall be reimbursed. The amount of such remuneration and compensation shall be fixed by the decision of the company’s Sole Shareholder.
According to established company procedure, remuneration for discharging of duty of the Board member is fixed only to independent board members and includes only:
- Annual fixed remuneration;
- Additional remuneration for participation in each committee meeting in attendance;
- Compensation for expenses, related to the attendance of meetings of the Board of Directors and the Directors of Committees.
Amount of remuneration to Kazatomprom’s Independent Directors
2014
Amounted to KZT 22,609 tenge (before taxes and other obligatory charges)
|
Independent Director |
for 2014 (KZT) |
|---|---|
|
Ramazanov T.S. * |
1,284 |
|
Arslanova Z.F. |
8,400 |
|
Spitsyn A.T. |
12,925 |
2013
amounted to 15 200 000 tenge (before taxes and other obligatory charges).
|
Independent directors |
2013 (KZT) |
|---|---|
|
Ramazanov T.S. |
7, 600,000 |
|
Arslanova Z.F. |
7, 600,000 |
2012
Amounted to KZT 15,200,000 tenge (before taxes and other obligatory charges)
|
Independent Directors |
2012г. (KZT) |
|---|---|
|
Sadenov M.A.** |
175,800 |
|
Ramazanov S.M.** |
325,800 |
|
Ramazanov T.S. |
1,183, 800 |
|
Arslanova Z.F. |
1,233,000 |
Members of the Board of Directors do not receive any benefits or other remuneration. There are no limits on remuneration for members of the Board of Directors in Kazatomprom JSC NAC, and remuneration in the form of shares of Kazatomprom JSC NAC has not been provided.