Managing Board

Management Board is the Kazpost collegial Executive Body authorized to make decisions pertaining to any issues of the Company activity and operations, that do not legally or by company Charter fall into competence of Sole Shareholder and Board of Directors.  Management Board shall report to Board of Directors and Sole Shareholder and assume responsibility before said bodies for fulfillment of tasks assigned to it.

Management Board’s  mission is to ensure development and achieve sustained progress in the Company economic indicators.

Management Board member rights and obligations are defined by provisions of the Republic of Kazakhstan legislation, Company Charter, Kazpost Management Board Statutes and individual work contracts

Management Board Chairman Status: elected on decision of the Kazpost Board of Directors (Minutes of the Meeting № 15/11 dated 18 April 2011).

Management Board Chairman Functions:  Management Board Chairman’s functions are governed by the Law of the Republic of Kazakhstan Concerning Joint-Stock Companies and Kazpost Charter.

Chairman performs the management and control of Company operations and ensures implementation of Kazpost strategy and growing effectivity of the work of Company divisions. 

Chairman performs the direct management of control of activities of the Management Board, as well as Managing Director/Legal Department Director supervising the Legal and Human Resources Departments,  Advisers to Management Board Chairman, Security Service, Revision and Quality Control and Assurance, Risk Management Service and Public Relations, as well as State Secret and War Drafting Sector.

Status: elected by Board of Directors (Minutes of the Meeting № 05/11 of 16 June 2011).

Functions:  are governed by the Law of the Republic of Kazakhstan Concerning Joint-Stock Companies and Kazpost Charter , as well as Management Board Chairman’s Order  Concerning Duty Distribution. 

Performs control of Marketing and Financial Service Sales Departments, Treasury, Transfer-Agent Service and Kazpost Branches.

Status: by Board of Directors (Minutes of the Meeting № 04/11 of 11May 2011).

Functions:  are governed by the Law of the Republic of Kazakhstan Concerning Joint-Stock Companies and Kazpost Charter , as well as Management Board Chairman’s Order  Concerning Duty Distribution. 

 Performs management and control of activities of Accounting and Tax Deparment, Budget and Economic Analyses Department, Tariff Policy and Market Analyses Department and Payment Center Branch.

Status: elected by Board of Directors (Minutes of the Meeting № 08/09 dated 30 May 2009).

 Functions:  are governed by the Law of the Republic of Kazakhstan Concerning Joint-Stock Companies and Kazpost Charter , as well as Management Board Chairman’s Order  Concerning Duty Distribution. 

Performs management and control of Procurement Department, Environmental and Safety Department, Technical Center Branch, Managing Director supervising Exterior Communications and Corporate Management Department, Marketing and Financial Services Sales Deparments, postal technology, LLP Electronpost.kz,  JV Kazpost GMBH, Kazpost Representative Office to FRG, and  the following Kazpost Branches: Postal Service, Astana Mail Service and Republican Special Communication Service.

Status:  elected by Board of Directors (Minutes of the Meeting № 05/11 dated 16 June 2011).

Functions:  are governed by the Law of the Republic of Kazakhstan Concerning Joint-Stock Companies and Kazpost Charter , as well as Management Board Chairman’s Order  Concerning Duty Distribution. 

Performs direct management and control of activities of IT development department, Strategic Development and Innovation Department and Kazpost Branch “Information Systems Operation Directorate”.

Detailed Information

Management Board Remuneration

Procedure for implementation of system of work payment and remuneration of the Management Board members was defined by the Kazpost Management Board Statutes and Kazpost Corporate Headquarters Personnel Remuneration Statutes.

Board of Directors establishes the amount of salaries payable to Chairman and Management Board members in accordance with the above listed documents and on basis of differential personal approach, complexity of work and level of occupied position.

Work payment system legitimate for Management Board Chairman and members is inclusive of the official salary and bonuses accrued based on results of Company economic performance during a reporting year.

Performance bonuses are paid to Kazpost managerial personnel on basis of the general company results for a reporting year, after duly performed procedure of approval of the Kazpost financial and economic performance reports and with mandatory external audits of the company financial statements.

Performance bonuses are not paid on regular basis.

JSC “National Welfare Fund “Samruk-Kazyna”, a party responsible for implementation of orders from Head of State, Mr. Nursultan Abishevich Nazarbayev, in the sphere of anti-crises action taking for the economic stabilization of the Republic of Kazakhstan, issued the 07.04.2009 Order № 23-п of non-payment of performance bonuses to managerial personnel of the group of companies of the Fund. Social allowances, guaranteed coverage and compensation to members of the Management Board shall be paid in accordance to the Republic of Kazakhstan legislation, internal regulations and individual work contracts.